Johnson Matthey Receives Neutral Rating from Credit Suisse (JMAT)
Johnson Matthey (LON:JMAT)‘s stock had its “neutral” rating reiterated by investment analysts at Credit Suisse in a note issued to investors on Friday, Stock Ratings Network.com reports. They currently have a GBX 2,900 ($47.78) target price on the stock. Credit Suisse’s price objective suggests a potential downside of 11.69% from the stock’s previous close.
Johnson Matthey (LON:JMAT) opened at 3261.00 on Friday. Johnson Matthey has a 52 week low of GBX 2193.00 and a 52 week high of GBX 3452.00. The stock’s 50-day moving average is GBX 3282. and its 200-day moving average is GBX 3016.. The company’s market cap is £6.612 billion.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Johnson Matthey in a research note to investors on Friday. They now have a GBX 4,040 ($66.57) 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 Friday. They now have a GBX 3,500 ($57.67) price target on the stock. Finally, analysts at BNP Paribas reiterated an “outperform” rating on shares of Johnson Matthey in a research note to investors on Friday. They now have a GBX 3,500 ($57.67) price target on the stock. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. The stock 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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