Johnson Matthey PLC (JMAT) Rating Reiterated by Credit Suisse Group AG
Johnson Matthey PLC (LON:JMAT)‘s stock had its ” outperform” rating reaffirmed by investment analysts at Credit Suisse Group AG in a research note issued on Thursday. They presently have a GBX 3,400 ($42.08) target price on the stock. Credit Suisse Group AG’s price target indicates a potential downside of 2.41% from the company’s previous close.
JMAT has been the topic of a number of other research reports. Numis Securities Ltd boosted their price objective on shares of Johnson Matthey PLC from GBX 3,394 ($42.00) to GBX 3,711 ($45.93) and gave the stock a “hold” rating in a report on Tuesday. Deutsche Bank AG reaffirmed a “buy” rating on shares of Johnson Matthey PLC in a report on Tuesday, September 6th. Liberum Capital reaffirmed a “hold” rating and issued a GBX 2,940 ($36.39) price target on shares of Johnson Matthey PLC in a report on Wednesday, July 20th. Jefferies Group upped their price target on shares of Johnson Matthey PLC from GBX 3,615 ($44.74) to GBX 3,650 ($45.17) and gave the company a “buy” rating in a report on Thursday, June 16th. Finally, Berenberg Bank reduced their price target on shares of Johnson Matthey PLC from GBX 3,865 ($47.83) to GBX 3,250 ($40.22) and set a “buy” rating on the stock in a report on Friday, July 1st. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Johnson Matthey PLC currently has an average rating of “Hold” and a consensus price target of GBX 3,184.55 ($39.41).
Shares of Johnson Matthey PLC (LON:JMAT) opened at 3479.00 on Thursday. The firm has a 50-day moving average of GBX 3,314.50 and a 200-day moving average of GBX 3,061.63. The firm’s market cap is GBX 6.67 billion. Johnson Matthey PLC has a 12-month low of GBX 2,215.00 and a 12-month high of GBX 3,538.00.
In related news, insider Garner,Nicholas purchased 9 shares of the company’s stock in a transaction that occurred on Wednesday, August 17th. The stock was purchased at an average price of GBX 3,338 ($41.31) per share, with a total value of £300.42 ($371.81). Also, insider Farrant,Simon sold 3,577 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of GBX 3,274 ($40.52), for a total transaction of £117,110.98 ($144,939.33).
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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