Johnson Matthey Receives “Buy” Rating from Deutsche Bank (JMAT)
Johnson Matthey (LON:JMAT)‘s stock had its “buy” rating restated by analysts at Deutsche Bank in a research report issued to clients and investors on Friday, American Banking News.com reports. They currently have a GBX 3,650 ($60.14) price target on the stock. Deutsche Bank’s price target would indicate a potential upside of 12.97% from the stock’s previous close.
Johnson Matthey (LON:JMAT) opened at 3231.0002 on Friday. Johnson Matthey has a 52-week low of GBX 2193.00 and a 52-week high of GBX 3452.00. The stock has a 50-day moving average of GBX 3284.08 and a 200-day moving average of GBX 3017.93. The company’s market cap is £6.551 billion.
JMAT has been the subject of a number of other recent research reports. Analysts at Berenberg Bank raised their price target on shares of Johnson Matthey from GBX 2,800 ($46.14) to GBX 2,900 ($47.78) in a research note to investors on Tuesday. They now have a “hold” rating on the stock. Separately, 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. 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 investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company’s stock. Johnson Matthey presently has an average rating of “Hold” and a consensus price target 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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