Berenberg Bank analyst Sebastian Bray maintained a Hold rating on Johnson Matthey today and set a price target of £21.00. The company’s shares closed today at p2,070.00.
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According to TipRanks, Bray is an analyst with an average return of -1.4% and a 48.85% success rate. Bray covers the Basic Materials sector, focusing on stocks such as Evonik, Wacker Chemie AG, and Johnson Matthey.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Johnson Matthey with a p2,089.00 average price target, representing a 0.92% upside. In a report released on October 8, UBS also maintained a Hold rating on the stock with a £21.00 price target.
Based on Johnson Matthey’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of p6.04 billion and a GAAP net loss of p111 million. In comparison, last year the company earned a revenue of p6.31 billion and had a net profit of p45 million
Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of JMAT in relation to earlier this year.
Read More on GB:JMAT:
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- Johnson Matthey Reclassifies Catalyst Technologies and Reports Strong Half-Year Performance
- Johnson Matthey Executives Acquire Shares Under Incentive Plan
- Johnson Matthey Announces Total Voting Rights Update
- Johnson Matthey Chair Purchases Significant Shares
- Johnson Matthey Executives Reinforce Confidence with Share Purchases
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