Liberum Capital Reaffirms “Hold” Rating for Johnson Matthey PLC (JMAT)
Johnson Matthey PLC (LON:JMAT)‘s stock had its “hold” rating reaffirmed by equities research analysts at Liberum Capital in a research note issued on Thursday. They presently have a GBX 3,300 ($44.49) price target on the stock. Liberum Capital’s price target points to a potential downside of 5.50% from the company’s previous close.
Several other equities analysts have also recently weighed in on the company. Morgan Stanley restated an “overweight” rating and set a GBX 3,500 ($47.19) price target on shares of Johnson Matthey PLC in a report on Monday, September 18th. Citigroup Inc. restated a “buy” rating and set a GBX 3,800 ($51.23) price target on shares of Johnson Matthey PLC in a report on Wednesday, August 30th. Deutsche Bank AG restated a “buy” rating and set a GBX 3,600 ($48.54) price target on shares of Johnson Matthey PLC in a report on Thursday, August 24th. UBS AG began coverage on Johnson Matthey PLC in a report on Monday, August 21st. They set a “sell” rating and a GBX 2,650 ($35.73) price target for the company. Finally, J P Morgan Chase & Co restated a “neutral” rating and set a GBX 3,200 ($43.14) price target on shares of Johnson Matthey PLC in a report on Monday, July 31st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 3,418.45 ($46.09).
Shares of Johnson Matthey PLC (LON JMAT) traded up 3.01% during mid-day trading on Thursday, reaching GBX 3492.00. The company’s stock had a trading volume of 1,615,965 shares. The company’s 50-day moving average price is GBX 2,811.14 and its 200-day moving average price is GBX 2,941.08. The stock’s market capitalization is GBX 6.70 billion. Johnson Matthey PLC has a 12-month low of GBX 2,681.00 and a 12-month high of GBX 3,568.00.
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In other Johnson Matthey PLC news, insider Annette Kelleher purchased 12 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The stock was purchased at an average cost of GBX 2,757 ($37.17) per share, with a total value of £330.84 ($446.06). Also, insider Robert MacLeod sold 1,219 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of GBX 2,775 ($37.41), for a total value of £33,827.25 ($45,607.73). In the last quarter, insiders bought 2,710 shares of company stock valued at $7,553,165.
About Johnson Matthey PLC
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