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Investment analysts at Berenberg Bank hoisted their price objective on shares of Johnson Matthey (LON:JMAT) from GBX 2,800 ($46.14) to GBX 2,900 ($47.78) in a note issued to investors on Tuesday, American Banking and Market News reports. The firm currently has a “hold” rating on the stock. Berenberg Bank’s price objective indicates a potential downside of 13.02% from the stock’s previous close.

Johnson Matthey (LON:JMAT) traded up 2.77% during mid-day trading on Tuesday, hitting GBX 3334.00. 354,429 shares of the company’s stock traded hands. Johnson Matthey has a one year low of GBX 2193.00 and a one year high of GBX 3452.00. The stock’s 50-day moving average is GBX 3274.64 and its 200-day moving average is GBX 3011.33. The company’s market cap is £6.760 billion.

Other equities research analysts have also recently issued reports about the stock. Analysts at HSBC raised their price target on shares of Johnson Matthey from GBX 3,450 ($56.85) to GBX 3,750 ($61.79) in a research note to investors on Wednesday, January 22nd. They now have a “neutral” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Johnson Matthey in a research note to investors on Tuesday, January 21st. They now have a GBX 3,650 ($60.14) price target on the stock. Finally, 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 ($47.78) price target on the stock. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of GBX 3,225.73 ($53.15).

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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