Johnson Matthey PLC (JMAT) Price Target Raised to GBX 3,400
Johnson Matthey PLC (LON:JMAT) had its target price increased by equities researchers at J P Morgan Chase & Co from GBX 3,200 ($42.07) to GBX 3,400 ($44.70) in a research note issued on Tuesday. The brokerage currently has a “neutral” rating on the stock. J P Morgan Chase & Co’s price objective points to a potential upside of 0.47% from the stock’s previous close.
JMAT has been the subject of several other research reports. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 3,600 ($47.33) price target on shares of Johnson Matthey PLC in a research note on Friday, June 16th. Liberum Capital reissued a “hold” rating and issued a GBX 3,300 ($43.39) price objective on shares of Johnson Matthey PLC in a research note on Friday, July 28th. Barclays PLC raised shares of Johnson Matthey PLC to an “overweight” rating and boosted their price objective for the stock from GBX 3,380 ($44.44) to GBX 3,450 ($45.36) in a research note on Wednesday, July 26th. Morgan Stanley reissued an “overweight” rating and issued a GBX 3,500 ($46.02) price objective on shares of Johnson Matthey PLC in a research note on Monday, September 18th. Finally, UBS AG initiated coverage on shares of Johnson Matthey PLC in a research note on Monday, August 21st. They issued a “sell” rating and a GBX 2,650 ($34.84) price objective for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of GBX 3,500.27 ($46.02).
Shares of Johnson Matthey PLC (LON:JMAT) opened at 3384.00 on Tuesday. Johnson Matthey PLC has a 1-year low of GBX 2,681.00 and a 1-year high of GBX 3,568.00. The company has a 50 day moving average price of GBX 3,050.25 and a 200 day moving average price of GBX 2,981.48. The stock’s market cap is GBX 6.49 billion.
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In other news, insider Robert MacLeod purchased 12 shares of the business’s stock in a transaction on Wednesday, September 20th. The shares were acquired at an average cost of GBX 2,955 ($38.85) per share, with a total value of £354.60 ($466.21). Also, insider John Walker purchased 15 shares of the business’s stock in a transaction on Wednesday, July 19th. The stock was purchased at an average cost of GBX 2,881 ($37.88) per share, for a total transaction of £432.15 ($568.17). Insiders acquired 2,710 shares of company stock worth $7,553,165 over the last ninety days.
About Johnson Matthey PLC
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