Johnson Matthey PLC (JMAT) Rating Reiterated by Credit Suisse Group AG
Johnson Matthey PLC (LON:JMAT)‘s stock had its ” outperform” rating reissued by equities researchers at Credit Suisse Group AG in a research note issued on Thursday. They currently have a GBX 3,400 ($42.08) target price on the stock. Credit Suisse Group AG’s target price would indicate a potential downside of 2.41% from the stock’s previous close.
JMAT has been the topic of several other research reports. Numis Securities Ltd raised their target price on shares of Johnson Matthey PLC from GBX 3,394 ($42.00) to GBX 3,711 ($45.93) and gave the company a “hold” rating in a research note on Tuesday. Deutsche Bank AG reissued a “buy” rating on shares of Johnson Matthey PLC in a research note on Tuesday, September 6th. Liberum Capital reissued a “hold” rating and set a GBX 2,940 ($36.39) target price on shares of Johnson Matthey PLC in a research note on Wednesday, July 20th. Jefferies Group raised their target price on shares of Johnson Matthey PLC from GBX 3,615 ($44.74) to GBX 3,650 ($45.17) and gave the company a “buy” rating in a research note on Thursday, June 16th. Finally, Berenberg Bank lowered their target price on shares of Johnson Matthey PLC from GBX 3,865 ($47.83) to GBX 3,250 ($40.22) and set a “buy” rating on the stock in a research note on Friday, July 1st. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 3,184.55 ($39.41).
Johnson Matthey PLC (LON:JMAT) opened at 3479.00 on Thursday. The firm’s market cap is GBX 6.67 billion. The company’s 50-day moving average is GBX 3,314.50 and its 200 day moving average is GBX 3,061.63. Johnson Matthey PLC has a 12 month low of GBX 2,215.00 and a 12 month high of GBX 3,538.00.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/13/johnson-matthey-plc-jmat-rating-reiterated-by-credit-suisse-group-ag-2.html
In related news, insider Garner,Nicholas purchased 12 shares of the firm’s stock in a transaction that occurred on Wednesday, July 20th. The stock was acquired at an average cost of GBX 3,189 ($39.47) per share, for a total transaction of £382.68 ($473.61). Also, insider Farrant,Simon sold 3,577 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of GBX 3,274 ($40.52), for a total transaction of £117,110.98 ($144,939.33).
About Johnson Matthey PLC
Johnson Matthey PLC is a specialty chemicals company. The Company operates in five divisions: Emission Control Technologies, Process Technologies, Precious Metal Products, Fine Chemicals and New Businesses. Emission Control Technologies is a manufacturer of catalysts and catalyst systems for vehicles and industry.
Receive News & Ratings for Johnson Matthey PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Johnson Matthey PLC and related companies with MarketBeat.com's FREE daily email newsletter.