HSBC Raises Johnson Matthey (LON:JMAT) Price Target to GBX 3,750

Johnson Matthey (LON:JMAT) had its price target increased by HSBC from GBX 3,650 ($47.69) to GBX 3,750 ($49.00) in a note issued to investors on Wednesday, June 5th, ThisIsMoney.Co.Uk reports. The brokerage currently has a “buy” rating on the stock. HSBC’s price objective would indicate a potential upside of 12.65% from the stock’s previous close.

Other research analysts have also issued research reports about the company. Liberum Capital reissued a “buy” rating on shares of Johnson Matthey in a research report on Thursday, May 30th. Deutsche Bank reissued a “buy” rating on shares of Johnson Matthey in a research report on Monday, May 27th. Berenberg Bank raised their price objective on Johnson Matthey from GBX 3,600 ($47.04) to GBX 3,750 ($49.00) and gave the company a “buy” rating in a research report on Monday, June 3rd. Credit Suisse Group reaffirmed an “outperform” rating on shares of Johnson Matthey in a research report on Friday, May 31st. Finally, UBS Group reaffirmed a “sell” rating on shares of Johnson Matthey in a research report on Thursday, May 30th. One research analyst has rated the stock with a sell rating and six have given a buy rating to the stock. Johnson Matthey has a consensus rating of “Buy” and a consensus price target of GBX 3,738.33 ($48.85).

LON JMAT traded up GBX 44 ($0.57) on Wednesday, hitting GBX 3,329 ($43.50). The company’s stock had a trading volume of 898,455 shares, compared to its average volume of 691,012. Johnson Matthey has a 52-week low of GBX 2,574 ($33.63) and a 52-week high of GBX 3,783 ($49.43). The company has a debt-to-equity ratio of 50.40, a quick ratio of 0.95 and a current ratio of 1.64. The firm’s 50-day simple moving average is GBX 3,149.40. The firm has a market capitalization of $6.39 billion and a price-to-earnings ratio of 15.51.

In other Johnson Matthey news, insider Anna Manz bought 12 shares of the business’s stock in a transaction on Wednesday, April 17th. The shares were acquired at an average cost of GBX 3,466 ($45.29) per share, for a total transaction of £415.92 ($543.47).

Johnson Matthey Company Profile

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.

See Also: What does a dividend yield signify to investors?

Analyst Recommendations for Johnson Matthey (LON:JMAT)

Receive News & Ratings for Johnson Matthey Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Johnson Matthey and related companies with MarketBeat.com's FREE daily email newsletter.