Johnson Matthey PLC (LON:JMAT) Receives Consensus Recommendation of “Hold” from Analysts
Johnson Matthey PLC (LON:JMAT) has received a consensus rating of “Hold” from the twelve research firms that are covering the firm. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is GBX 3,116.31 ($40.68).
Several brokerages have weighed in on JMAT. Liberum Capital reiterated a “hold” rating and issued a GBX 2,940 ($38.38) price objective on shares of Johnson Matthey PLC in a research note on Wednesday, July 20th. Deutsche Bank AG boosted their target price on shares of Johnson Matthey PLC from GBX 3,450 ($45.03) to GBX 3,550 ($46.34) and gave the company a “buy” rating in a research report on Monday, July 4th. Credit Suisse Group AG restated an “outperform” rating and issued a GBX 3,100 ($40.46) target price on shares of Johnson Matthey PLC in a research report on Thursday, June 2nd. Berenberg Bank restated a “neutral” rating and issued a GBX 2,880 ($37.59) target price on shares of Johnson Matthey PLC in a research report on Tuesday, June 7th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 2,750 ($35.90) target price on shares of Johnson Matthey PLC in a research report on Friday, June 3rd.
In related news, insider Farrant,Simon sold 3,577 shares of Johnson Matthey PLC stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of GBX 3,274 ($42.74), for a total transaction of £117,110.98 ($152,866.44). Also, insider Garner,Nicholas bought 9 shares of Johnson Matthey PLC stock in a transaction on Wednesday, August 17th. The shares were acquired at an average cost of GBX 3,338 ($43.57) per share, for a total transaction of £300.42 ($392.14).
Shares of Johnson Matthey PLC (LON:JMAT) traded up 0.40% during mid-day trading on Friday, reaching GBX 3294.00. 1,242,429 shares of the company’s stock traded hands. Johnson Matthey PLC has a 12 month low of GBX 2,215.00 and a 12 month high of GBX 3,390.00. The stock’s market cap is GBX 6.32 billion. The firm has a 50 day moving average price of GBX 3,287.58 and a 200-day moving average price of GBX 3,008.58.
About Johnson Matthey PLC
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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