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Johnson Matthey (LON:JMAT)‘s stock had its “buy” rating reaffirmed by Bank of America Corp. in a research note issued on Wednesday, AmericanBankingNews.com reports. They currently have a GBX 2,950 ($47.33) price objective on the stock. Bank of America Corp.’s target price points to a potential upside of 8.70% from the stock’s previous close.

Shares of Johnson Matthey (LON:JMAT) traded down 1.84% on Wednesday, hitting GBX 2714.00. 385,702 shares of the company’s stock traded hands. Johnson Matthey has a 52 week low of GBX 2150.00 and a 52 week high of GBX 3015.00. The stock’s 50-day moving average is GBX 2864. and its 200-day moving average is GBX 2617.. The company’s market cap is £5.500 billion.

Several other analysts have also recently commented on the stock. Analysts at BNP Paribas reiterated an “outperform” rating on shares of Johnson Matthey in a research note to investors on Tuesday. They now have a GBX 3,300 ($52.94) price target on the stock. Separately, analysts at Liberum Capital reiterated a “buy” rating on shares of Johnson Matthey in a research note to investors on Thursday, October 3rd. They now have a GBX 3,000 ($48.13) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Johnson Matthey in a research note to investors on Wednesday, October 2nd. They now have a GBX 3,050 ($48.93) price target on the stock. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. Johnson Matthey has an average rating of “Hold” and a consensus price target of GBX 2,902.57 ($46.57).

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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