Johnson Matthey Lowered to Neutral at UBS AG (JMAT)
Johnson Matthey (LON:JMAT) was downgraded by investment analysts at UBS AG to a “neutral” rating in a note issued to investors on Thursday, StockRatingsNetwork reports. They currently have a GBX 2,910 ($46.21) price objective on the stock, up from their previous price objective of GBX 2,800 ($44.46). UBS AG’s target price points to a potential upside of 0.55% from the stock’s previous close.
Shares of Johnson Matthey (LON:JMAT) opened at 2896.00 on Thursday. Johnson Matthey has a one year low of GBX 2150.00 and a one year high of GBX 3015.00. The stock has a 50-day moving average of GBX 2863. and a 200-day moving average of GBX 2614.. The company’s market cap is £5.868 billion.
A number of other firms have also recently commented on JMAT. Analysts at Berenberg Bank reiterated a “hold” rating on shares of Johnson Matthey (LON:JMAT) in a research note to investors on Tuesday, September 10th. They now have a GBX 2,800 ($44.46) price target on the stock. Separately, analysts at Bank of America Corp. reiterated a “buy” rating on shares of Johnson Matthey (LON:JMAT) in a research note to investors on Monday, September 9th. They now have a GBX 2,950 ($46.84) price target on the stock. Finally, analysts at Morgan Stanley raised their price target on shares of Johnson Matthey (LON:JMAT) from GBX 2,570 ($40.81) to GBX 2,890 ($45.89) in a research note to investors on Friday, September 6th. They now have an “equal weight” rating on the stock.
One analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of GBX 2,892.04 ($45.92).
Johnson Matthey Plc is a global specialty chemicals company operating in three divisions: Environmental Technologies, Precious Metal Products and Fine Chemicals.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.