Johnson Matthey PLC’s (JMAT) “Buy” Rating Reaffirmed at Citigroup Inc.
Citigroup Inc. reissued their buy rating on shares of Johnson Matthey PLC (LON:JMAT) in a research report report published on Wednesday morning. The brokerage currently has a GBX 3,800 ($49.15) price objective on the stock.
Other equities research analysts have also issued research reports about the company. Deutsche Bank AG reissued a buy rating on shares of Johnson Matthey PLC in a research note on Monday, July 17th. Liberum Capital restated a hold rating and set a GBX 3,300 ($42.68) price objective on shares of Johnson Matthey PLC in a research report on Friday, July 28th. J P Morgan Chase & Co restated a neutral rating and set a GBX 3,200 ($41.39) price objective on shares of Johnson Matthey PLC in a research report on Friday, June 2nd. Finally, Barclays PLC upgraded Johnson Matthey PLC to an overweight rating and lifted their price objective for the stock from GBX 3,380 ($43.71) to GBX 3,450 ($44.62) in a research report on Wednesday, July 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. Johnson Matthey PLC presently has an average rating of Hold and an average target price of GBX 3,418.45 ($44.21).
Johnson Matthey PLC (LON JMAT) opened at 2783.00 on Wednesday. The firm’s 50 day moving average price is GBX 2,808.19 and its 200-day moving average price is GBX 2,959.37. Johnson Matthey PLC has a one year low of GBX 2,677.68 and a one year high of GBX 3,568.00. The firm’s market cap is GBX 5.34 billion.
In related news, insider John Walker acquired 15 shares of the business’s stock in a transaction that occurred on Wednesday, July 19th. The stock was purchased at an average cost of GBX 2,881 ($37.26) per share, for a total transaction of £432.15 ($558.91). Also, insider Annette Kelleher acquired 12 shares of the business’s stock in a transaction that occurred on Wednesday, June 21st. The shares were bought at an average price of GBX 3,018 ($39.03) per share, with a total value of £362.16 ($468.39). Insiders have purchased a total of 2,710 shares of company stock valued at $7,553,921 over the last 90 days.
About Johnson Matthey PLC
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