Johnson Matthey’s Buy Rating Reaffirmed at Galvan Research (JMAT)
Johnson Matthey (LON:JMAT)‘s stock had its “buy” rating reiterated by research analysts at Galvan Research in a report released on Monday, Analyst Ratings Network.com reports. They currently have a GBX 3,050 ($48.85) price target on the stock. Galvan Research’s price objective points to a potential upside of 5.98% from the company’s current price.
A number of other firms have also recently commented on JMAT. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Johnson Matthey (LON:JMAT) in a research note to investors on Monday. They now have a GBX 3,050 ($48.85) price target on the stock. Separately, 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). Finally, 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.
One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of GBX 2,902.57 ($46.49).
Shares of Johnson Matthey (LON:JMAT) opened at 2882.00 on Monday. Johnson Matthey has a 52-week low of GBX 2150.00 and a 52-week 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 £5.840 billion.
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.