Johnson Matthey PLC’s (JMAT) “Overweight” Rating Reaffirmed at Morgan Stanley
Johnson Matthey PLC (LON:JMAT)‘s stock had its “overweight” rating reiterated by stock analysts at Morgan Stanley in a report released on Monday. They presently have a GBX 3,500 ($45.20) price target on the stock. Morgan Stanley’s price target would indicate a potential upside of 23.46% from the stock’s current price.
Several other research analysts have also weighed in on JMAT. Liberum Capital reissued a “hold” rating on shares of Johnson Matthey PLC in a report on Wednesday, September 13th. Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 3,600 ($46.49) price target on shares of Johnson Matthey PLC in a report on Thursday, August 24th. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a GBX 3,200 ($41.33) price target on shares of Johnson Matthey PLC in a report on Thursday, June 8th. Finally, UBS AG initiated coverage on shares of Johnson Matthey PLC in a report on Monday, August 21st. They issued a “sell” rating and a GBX 2,650 ($34.22) price target for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. Johnson Matthey PLC presently has a consensus rating of “Hold” and a consensus target price of GBX 3,427.55 ($44.27).
Shares of Johnson Matthey PLC (LON JMAT) opened at 2890.00 on Monday. The stock’s market capitalization is GBX 5.54 billion. The company has a 50-day moving average of GBX 2,806.11 and a 200-day moving average of GBX 2,944.62. Johnson Matthey PLC has a 12 month low of GBX 2,681.00 and a 12 month high of GBX 3,568.00.
In other news, insider Annette Kelleher acquired 12 shares of the business’s stock in a transaction that occurred on Wednesday, June 21st. The shares were purchased at an average cost of GBX 3,018 ($38.98) per share, for a total transaction of £362.16 ($467.73). Also, insider Jane Griffiths acquired 2,671 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was purchased at an average price of GBX 2,786 ($35.98) per share, for a total transaction of £74,414.06 ($96,104.95). Over the last quarter, insiders purchased 2,710 shares of company stock worth $7,553,921.
About Johnson Matthey PLC
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