Zacks Investment Research Downgrades Johnson Matthey PLC (JMPLY) to Hold
Johnson Matthey PLC (OTCMKTS:JMPLY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday.
According to Zacks, “Johnson Matthey Plc is a speciality chemicals company focused on its core skills in catalysis, precious metals, fine chemicals and process technology. Its principal activities comprise manufacture of autocatalysts, heavy duty diesel catalysts and pollution control systems, catalysts and components for fuel cells, catalysts and technologies for chemical processes, fine chemicals, chemical catalysts and active pharmaceutical ingredients. The Company also engages in the marketing, refining, and fabrication of precious metals. Its environmental technologies include emission control technologies, process technologies and fuel cells. Its precious metals products include platinum, noble metals, catalysts, chemicals and refining and colour technologies. Its fine chemicals include macfarlan smith, pharmaceutical materials and services and research chemicals. Johnson Matthey Plc is headquartered in London, U.K. “
A number of other brokerages also recently issued reports on JMPLY. ValuEngine upgraded Johnson Matthey PLC from a “hold” rating to a “buy” rating in a research note on Tuesday, November 14th. Barclays PLC upgraded Johnson Matthey PLC from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, July 26th. One analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. Johnson Matthey PLC currently has an average rating of “Hold” and an average price target of $90.00.
Johnson Matthey PLC (OTCMKTS JMPLY) opened at $87.50 on Tuesday. The company has a current ratio of 1.91, a quick ratio of 1.26 and a debt-to-equity ratio of 0.46. Johnson Matthey PLC has a 52 week low of $71.10 and a 52 week high of $93.57.
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About Johnson Matthey PLC
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