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Research analysts at HSBC increased their price target on shares of Johnson Matthey (LON:JMAT) from GBX 3,450 ($56.63) to GBX 3,750 ($61.56) in a report released on Wednesday, Stock Ratings Network reports. The firm currently has a “neutral” rating on the stock. HSBC’s price objective indicates a potential upside of 11.24% from the company’s current price.

Shares of Johnson Matthey (LON:JMAT) opened at 3388.00 on Wednesday. Johnson Matthey has a one year low of GBX 2193.00 and a one year high of GBX 3425.00. The stock has a 50-day moving average of GBX 3246. and a 200-day moving average of GBX 2992.. The company’s market cap is £6.869 billion.

A number of other firms have also recently commented on JMAT. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Johnson Matthey in a research note to investors on Tuesday. They now have a GBX 3,650 ($59.91) price target on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Johnson Matthey in a research note to investors on Thursday, January 16th. They now have a GBX 2,900 ($47.60) price target on the stock. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of GBX 3,219.07 ($52.84).

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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