Goldman Sachs Upgrades Johnson Matthey PLC to “Conviction-Buy” (JMAT)
Johnson Matthey PLC (LON:JMAT) was upgraded by equities research analysts at Goldman Sachs to a “conviction-buy” rating in a research note issued to investors on Friday. The firm currently has a GBX 3,980 ($66.77) price objective on the stock. Goldman Sachs’ price objective suggests a potential upside of 29.14% from the company’s current price.
Shares of Johnson Matthey PLC (LON:JMAT) traded up 0.26% during mid-day trading on Friday, hitting GBX 3090.00. 586,469 shares of the company’s stock traded hands. 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 3035. and its 200-day moving average is GBX 3180.17. The company’s market cap is £6.268 billion.
A number of other analysts have also recently weighed in on JMAT. Analysts at Kempen & Co upgraded shares of Johnson Matthey PLC to a “buy” rating in a research note on Tuesday. They now have a GBX 3,520 ($59.05) price target on the stock. Separately, 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. Finally, 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. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus 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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