Johnson Matthey Stock Rating Reaffirmed by Deutsche Bank (JMAT)
Johnson Matthey (LON:JMAT)‘s stock had its “buy” rating reaffirmed by analysts at Deutsche Bank in a research report issued to clients and investors on Monday, American Banking News.com reports. They currently have a GBX 3,050 ($49.34) price objective on the stock. Deutsche Bank’s price target points to a potential upside of 1.84% from the company’s current price.
Shares of Johnson Matthey (LON:JMAT) traded up 0.40% during mid-day trading on Monday, hitting GBX 2995.00. 204,680 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 3039.00. The stock’s 50-day moving average is GBX 2894.81 and its 200-day moving average is GBX 2744.. The company’s market cap is £6.069 billion.
A number of other analysts have also recently weighed in on JMAT. Analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Johnson Matthey in a research note to investors on Thursday, October 17th. They now have a GBX 3,069 ($49.65) price target on the stock. Separately, analysts at JPMorgan Chase & Co. upgraded shares of Johnson Matthey from a “neutral” rating to an “overweight” rating in a research note to investors on Monday, October 14th. They now have a GBX 4,000 ($64.71) price target on the stock, up previously from GBX 2,800 ($45.30). Finally, analysts at AlphaValue reiterated a “sell” rating on shares of Johnson Matthey in a research note to investors on Thursday, October 10th. They now have a GBX 2,314 ($37.44) price target on the stock. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. Johnson Matthey currently has an average rating of “Hold” and an average target price of GBX 2,987.20 ($48.33).
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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