Johnson Matthey PLC (LON:JMAT) Receives Average Rating of “Buy” from Brokerages
Shares of Johnson Matthey PLC (LON:JMAT) have earned an average recommendation of “Buy” from the seven brokerages that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is GBX 4,010 ($52.40).
Several equities research analysts have issued reports on JMAT shares. UBS Group reaffirmed a “sell” rating on shares of Johnson Matthey in a research note on Thursday, July 18th. Deutsche Bank reaffirmed a “buy” rating on shares of Johnson Matthey in a research note on Thursday, July 18th. Berenberg Bank reaffirmed a “buy” rating on shares of Johnson Matthey in a research note on Tuesday, August 20th. HSBC raised their price target on shares of Johnson Matthey from GBX 3,650 ($47.69) to GBX 3,750 ($49.00) and gave the stock a “buy” rating in a research note on Wednesday, June 5th. Finally, Credit Suisse Group started coverage on shares of Johnson Matthey in a research note on Monday, September 2nd. They set an “outperform” rating and a GBX 4,200 ($54.88) price target on the stock.
In other news, insider Robert MacLeod purchased 12 shares of the firm’s stock in a transaction on Wednesday, July 17th. The shares were bought at an average cost of GBX 3,225 ($42.14) per share, with a total value of £387 ($505.68). Insiders have acquired a total of 36 shares of company stock worth $110,448 over the last ninety days.
About Johnson Matthey
Johnson Matthey is a global leader in science that enables a cleaner and healthier world. With over 200 years of sustained commitment to innovation and technological breakthroughs, they improve the function, performance and safety of their customers’ products. Their science has a global impact in areas such as low emission transport, pharmaceuticals, chemical processing and making the most efficient use of the planet’s natural resources.
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