Johnson Matthey PLC (JMAT) Rating Reiterated by Credit Suisse Group AG
Johnson Matthey PLC (LON:JMAT)‘s stock had its “outperform” rating reissued by Credit Suisse Group AG in a note issued to investors on Thursday. They presently have a GBX 3,400 ($42.08) target price on the stock. Credit Suisse Group AG’s price objective points to a potential downside of 2.52% from the stock’s current price.
A number of other research analysts have also recently issued reports on JMAT. Jefferies Group lifted 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. Berenberg Bank dropped their price objective on shares of Johnson Matthey PLC from GBX 3,865 ($47.83) to GBX 3,250 ($40.22) and set a “buy” rating for the company in a research report on Friday, July 1st. Deutsche Bank AG lifted their target price on shares of Johnson Matthey PLC from GBX 3,450 ($42.70) to GBX 3,550 ($43.94) and gave the stock a “buy” rating in a report on Monday, July 4th. Liberum Capital reaffirmed a “hold” rating and set a GBX 2,940 ($36.39) target price on shares of Johnson Matthey PLC in a report on Wednesday, July 20th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Johnson Matthey PLC from GBX 2,750 ($34.03) to GBX 2,850 ($35.27) and gave the stock a “neutral” rating in a report on Thursday, July 21st. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 3,184.55 ($39.41).
Shares of Johnson Matthey PLC (LON:JMAT) traded up 0.11% during trading on Thursday, reaching GBX 3488.00. The company’s stock had a trading volume of 520,923 shares. The company’s 50-day moving average is GBX 3,318.49 and its 200-day moving average is GBX 3,066.28. The company’s market capitalization is GBX 6.69 billion. Johnson Matthey PLC has a 12 month low of GBX 2,215.00 and a 12 month high of GBX 3,538.00.
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In other news, insider John Walker purchased 9 shares of Johnson Matthey PLC stock in a transaction that occurred on Wednesday, September 21st. The shares were acquired at an average price of GBX 3,287 ($40.68) per share, for a total transaction of £295.83 ($366.13). Also, insider Garner,Nicholas purchased 12 shares of Johnson Matthey PLC stock in a transaction that occurred on Wednesday, July 20th. The shares were purchased at an average price of GBX 3,189 ($39.47) per share, for a total transaction of £382.68 ($473.61).
Johnson Matthey PLC Company Profile
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.
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