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Johnson Matthey PLC (LON:JMAT) was upgraded by equities researchers at Kempen & Co to a “buy” rating in a research report issued on Tuesday. The firm currently has a GBX 3,520 ($59.05) target price on the stock. Kempen & Co’s target price points to a potential upside of 17.33% from the stock’s previous close.

Shares of Johnson Matthey PLC (LON:JMAT) traded down 1.33% on Tuesday, hitting GBX 2960.00. The stock had a trading volume of 371,238 shares. Johnson Matthey PLC has a 52 week low of GBX 2704.00 and a 52 week high of GBX 3452.00. The stock’s 50-day moving average is GBX 3030.37 and its 200-day moving average is GBX 3183.. The company’s market cap is £6.004 billion.

A number of other firms have also recently commented on JMAT. Analysts at Liberum Capital reiterated a “hold” rating on shares of Johnson Matthey PLC in a research note on Tuesday, August 5th. They now have a GBX 3,270 ($54.86) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Johnson Matthey PLC in a research note on Friday, August 1st. They now have a GBX 3,642 ($61.10) price target on the stock. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Johnson Matthey PLC in a research note on Friday, July 25th. They now have a GBX 3,000 ($50.33) price target on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of GBX 3,281.07 ($55.04).

Johnson Matthey Plc is a global specialty chemicals company. It operates in five divisions: Emission Control Technologies, Process Technologies, Precious Metal Products, Fine Chemicals and New Businesses.

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