Johnson Matthey PLC (NASDAQ:JMPLY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

According to Zacks, “Johnson Matthey Plc is a speciality chemicals company focused on its core skills in catalysis, precious metals, fine chemicals and process technology. Its principal activities comprise manufacture of autocatalysts, heavy duty diesel catalysts and pollution control systems, catalysts and components for fuel cells, catalysts and technologies for chemical processes, fine chemicals, chemical catalysts and active pharmaceutical ingredients. The Company also engages in the marketing, refining, and fabrication of precious metals. Its environmental technologies include emission control technologies, process technologies and fuel cells. Its precious metals products include platinum, noble metals, catalysts, chemicals and refining and colour technologies. Its fine chemicals include macfarlan smith, pharmaceutical materials and services and research chemicals. Johnson Matthey Plc is headquartered in London, U.K. “

Other analysts have also issued research reports about the company. Deutsche Bank AG reissued a “buy” rating on shares of Johnson Matthey PLC in a research report on Wednesday, September 28th. Berenberg Bank lowered Johnson Matthey PLC from a “buy” rating to a “hold” rating in a research report on Tuesday, August 2nd.

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Shares of Johnson Matthey PLC (NASDAQ:JMPLY) remained flat at $88.26 during mid-day trading on Wednesday. 96 shares of the company’s stock traded hands. The company has a market cap of $8.46 billion and a price-to-earnings ratio of 20.41. Johnson Matthey PLC has a 12-month low of $63.22 and a 12-month high of $93.11. The firm’s 50 day moving average is $86.41 and its 200-day moving average is $83.39.

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