Johnson Matthey (JMAT) Stock Rating Reaffirmed by Citigroup

Citigroup reissued their buy rating on shares of Johnson Matthey (LON:JMAT) in a report issued on Tuesday.

Other research analysts have also recently issued reports about the company. Credit Suisse Group reaffirmed an outperform rating and issued a GBX 3,900 ($52.33) price target on shares of Johnson Matthey in a report on Thursday, February 1st. Deutsche Bank reaffirmed a buy rating and issued a GBX 3,800 ($50.99) price target on shares of Johnson Matthey in a report on Wednesday, January 31st. Morgan Stanley reiterated an overweight rating and issued a GBX 3,900 ($52.33) price objective on shares of Johnson Matthey in a research report on Thursday, February 1st. JPMorgan Chase & Co. reiterated a neutral rating and issued a GBX 3,400 ($45.62) price objective on shares of Johnson Matthey in a research report on Thursday, March 8th. Finally, Liberum Capital reiterated a hold rating and issued a GBX 3,300 ($44.28) price objective on shares of Johnson Matthey in a research report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of GBX 3,592.22 ($48.20).

Johnson Matthey stock opened at GBX 3,513 ($47.14) on Tuesday. Johnson Matthey has a 12-month low of GBX 2,681 ($35.97) and a 12-month high of GBX 3,511 ($47.11).

Johnson Matthey (LON:JMAT) last released its quarterly earnings results on Thursday, May 31st. The company reported GBX 208.40 ($2.80) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of GBX 207.90 ($2.79) by GBX 0.50 ($0.01). Johnson Matthey had a return on equity of 14.99% and a net margin of 2.60%.

In other news, insider John O’Higgins acquired 1,500 shares of the stock in a transaction that occurred on Friday, March 23rd. The stock was purchased at an average cost of GBX 3,072 ($41.22) per share, for a total transaction of £46,080 ($61,827.45). Also, insider Anna Manz acquired 12 shares of the stock in a transaction that occurred on Wednesday, March 21st. The stock was purchased at an average price of GBX 3,172 ($42.56) per share, with a total value of £380.64 ($510.72). Over the last quarter, insiders purchased 1,536 shares of company stock valued at $4,727,196.

Johnson Matthey Company Profile

Johnson Matthey Plc operates as a specialty chemicals company in North America, Europe, China, rest of Asia, and internationally. It operates in five divisions: Emission Control Technologies, Process Technologies, Precious Metal Products, Fine Chemicals, and New Businesses. The Emission Control Technologies division manufactures catalysts, which control harmful emissions from cars and other light duty vehicles powered by various types of fuel, as well as from diesel powered trucks, buses, and non-road machinery.

Analyst Recommendations for Johnson Matthey (LON:JMAT)

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