Deutsche Bank Reiterates “Buy” Rating for Johnson Matthey (JMAT)
Johnson Matthey (LON:JMAT)‘s stock had its “buy” rating restated by investment analysts at Deutsche Bank in a note issued to investors on Monday, AnalystRatingsNetwork reports. They currently have a GBX 3,050 ($48.85) price objective on the stock. Deutsche Bank’s price target would indicate a potential upside of 5.98% from the stock’s previous close.
Shares of Johnson Matthey (LON:JMAT) remained flat at GBX 2878.00 during trading on Monday. The stock had a trading volume of 225,064 shares. Johnson Matthey has a 1-year low of GBX 2150.00 and a 1-year high of GBX 3015.00. The stock has a 50-day moving average of GBX 2864. and a 200-day moving average of GBX 2617.. The company’s market cap is £5.832 billion.
A number of other analysts have also recently weighed in on JMAT. Analysts at UBS AG downgraded shares of Johnson Matthey (LON:JMAT) to a “neutral” rating in a research note to investors on Thursday. They now have a GBX 2,910 ($46.61) price target on the stock, up previously from GBX 2,800 ($44.85). Separately, 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 ($44.85) price target on the stock. Finally, 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 ($47.25) price target on the stock.
One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 2,902.57 ($46.49).
Johnson Matthey Plc is a global specialty chemicals company operating in three divisions: Environmental Technologies, Precious Metal Products and Fine Chemicals.
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