Berenberg Bank Issues Pessimistic Forecast for Johnson Matthey (LON:JMAT) Stock Price

Johnson Matthey (LON:JMAT) had its target price cut by equities research analysts at Berenberg Bank from GBX 1,650 ($20.94) to GBX 1,500 ($19.04) in a report issued on Thursday,Digital Look reports. The firm presently has a “hold” rating on the stock. Berenberg Bank’s price target points to a potential upside of 9.78% from the company’s previous close.

Johnson Matthey Stock Up 2.7 %

JMAT opened at GBX 1,366.43 ($17.34) on Thursday. Johnson Matthey has a one year low of GBX 1,318 ($16.73) and a one year high of GBX 1,917.07 ($24.33). The company has a debt-to-equity ratio of 63.15, a quick ratio of 0.76 and a current ratio of 1.45. The stock has a market capitalization of £2.38 billion, a P/E ratio of 2,355.91, a price-to-earnings-growth ratio of 49,242.50 and a beta of 0.95. The business’s 50-day simple moving average is GBX 1,510.09 and its 200-day simple moving average is GBX 1,610.89.

Insider Activity

In related news, insider Liam Condon purchased 27 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The stock was purchased at an average cost of GBX 1,505 ($19.10) per share, with a total value of £406.35 ($515.80). Also, insider Stephen Oxley acquired 7,407 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was purchased at an average cost of GBX 1,343 ($17.05) per share, for a total transaction of £99,476.01 ($126,270.64). Insiders have acquired 7,479 shares of company stock valued at $10,057,890 in the last ninety days. 0.61% of the stock is currently owned by company insiders.

About Johnson Matthey

Johnson Matthey is a global leader in science that enables a cleaner and healthier world. With over 200 years of sustained commitment to innovation and technological breakthroughs, they improve the function, performance and safety of their customers’ products. Their science has a global impact in areas such as low emission transport, pharmaceuticals, chemical processing and making the most efficient use of the planet’s natural resources.