Citigroup Reaffirms Buy Rating for Johnson Matthey (JMAT)

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

A number of other research analysts have also recently issued reports on the company. Credit Suisse Group reissued an outperform rating on shares of Johnson Matthey in a report on Friday, May 4th. Morgan Stanley reissued an overweight rating on shares of Johnson Matthey in a report on Wednesday, March 28th. JPMorgan Chase & Co. reissued a neutral rating and set a GBX 3,400 ($45.62) price objective on shares of Johnson Matthey in a report on Thursday, March 8th. Liberum Capital reissued a hold rating and set a GBX 3,300 ($44.28) price objective on shares of Johnson Matthey in a report on Thursday, March 29th. Finally, Deutsche Bank reissued a buy rating and set a GBX 3,800 ($50.99) price objective on shares of Johnson Matthey in a report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of GBX 3,592.22 ($48.20).

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JMAT opened at GBX 3,513 ($47.14) on Tuesday. Johnson Matthey has a fifty-two week low of GBX 2,681 ($35.97) and a fifty-two week high of GBX 3,511 ($47.11).

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

In other Johnson Matthey news, insider John Walker purchased 12 shares of the business’s stock in a transaction that occurred on Wednesday, April 18th. The stock was acquired at an average cost of GBX 3,268 ($43.85) per share, with a total value of 拢392.16 ($526.18). Also, insider John O’Higgins purchased 1,500 shares of the business’s stock in a transaction that occurred on Friday, March 23rd. The stock was acquired at an average cost of GBX 3,072 ($41.22) per share, with a total value of 拢46,080 ($61,827.45). Over the last three months, insiders have acquired 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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