Johnson Matthey PLC (JMAT) Receives “Outperform” Rating from Credit Suisse Group AG
Credit Suisse Group AG reissued their outperform rating on shares of Johnson Matthey PLC (LON:JMAT) in a report issued on Wednesday. They currently have a GBX 3,400 ($44.38) price objective on the stock.
A number of other research analysts also recently commented on JMAT. BNP Paribas reiterated a neutral rating and set a GBX 2,500 ($32.63) target price on shares of Johnson Matthey PLC in a research report on Tuesday, May 31st. Deutsche Bank AG increased their price target on Johnson Matthey PLC from GBX 3,400 ($44.38) to GBX 3,450 ($45.03) and gave the company a buy rating in a report on Friday, June 3rd. JPMorgan Chase & Co. restated a neutral rating and set a GBX 2,750 ($35.90) price target on shares of Johnson Matthey PLC in a report on Friday, June 3rd. Berenberg Bank restated a neutral rating and set a GBX 2,880 ($37.59) price target on shares of Johnson Matthey PLC in a report on Tuesday, June 7th. Finally, Liberum Capital restated a hold rating and set a GBX 2,940 ($38.38) price target on shares of Johnson Matthey PLC in a report on Friday, June 10th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of GBX 3,155.73 ($41.19).
Shares of Johnson Matthey PLC (LON:JMAT) opened at 3292.00 on Wednesday. The company’s market cap is GBX 6.31 billion. Johnson Matthey PLC has a 12-month low of GBX 2,215.00 and a 12-month high of GBX 3,390.00. The company has a 50-day moving average of GBX 3,288.08 and a 200 day moving average of GBX 3,008.75.
In other Johnson Matthey PLC news, insider Garner,Nicholas purchased 9 shares of the stock in a transaction on Wednesday, August 17th. The stock was acquired at an average price of GBX 3,338 ($43.57) per share, with a total value of £300.42 ($392.14). Also, insider Farrant,Simon sold 3,577 shares of the firm’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of GBX 3,274 ($42.74), for a total value of £117,110.98 ($152,866.44).
Johnson Matthey PLC Company Profile
Johnson Matthey PLC is a specialty chemicals company. The Company operates in five divisions: Emission Control Technologies, Process Technologies, Precious Metal Products, Fine Chemicals and New Businesses. Emission Control Technologies is a manufacturer of catalysts and catalyst systems for vehicles and industry.
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