Johnson Matthey (LON:JMAT)‘s stock had its “outperform” rating restated by equities research analysts at Credit Suisse Group in a research note issued to investors on Monday. They currently have a GBX 3,900 ($53.88) price target on the stock. Credit Suisse Group’s price objective points to a potential upside of 25.44% from the stock’s current price.
A number of other analysts also recently weighed in on the stock. Deutsche Bank reaffirmed a “buy” rating and set a GBX 3,800 ($52.50) price target on shares of Johnson Matthey in a report on Wednesday, January 31st. Morgan Stanley reaffirmed an “overweight” rating and set a GBX 3,900 ($53.88) price target on shares of Johnson Matthey in a report on Thursday, February 1st. Liberum Capital reaffirmed a “hold” rating and set a GBX 3,300 ($45.59) price target on shares of Johnson Matthey in a report on Wednesday, January 31st. Barclays upped their price target on shares of Johnson Matthey from GBX 3,510 ($48.49) to GBX 3,700 ($51.12) and gave the stock an “overweight” rating in a report on Tuesday, January 30th. Finally, Berenberg Bank raised shares of Johnson Matthey to a “buy” rating and upped their price target for the stock from GBX 3,350 ($46.28) to GBX 3,680 ($50.84) in a report on Friday, January 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of GBX 3,592.22 ($49.63).
Johnson Matthey (JMAT) traded down GBX 1 ($0.01) during midday trading on Monday, reaching GBX 3,109 ($42.95). 833,076 shares of the company’s stock were exchanged, compared to its average volume of 751,934. The company has a market cap of $6,020.00 and a P/E ratio of 1,636.32. Johnson Matthey has a 52-week low of GBX 2,681 ($37.04) and a 52-week high of GBX 3,511 ($48.51).
In related news, insider Robert MacLeod acquired 12 shares of the stock in a transaction that occurred on Wednesday, January 17th. The stock was acquired at an average cost of GBX 3,273 ($45.22) per share, for a total transaction of £392.76 ($542.64).
About Johnson Matthey
Johnson Matthey Plc is a specialty chemicals company. The Company operates in five divisions: Emission Control Technologies, which is a manufacturer of catalysts and catalyst systems for vehicles and industry; Process Technologies, which is a supplier of catalysts, licensing technologies and other services to the syngas, oleo/biochemical, petrochemical, oil refining and gas processing industries; Precious Metal Products, which is organized into its Services businesses, which include management, distribution, refining and recycling of precious metals, and its Manufacturing businesses, which fabricates products using precious metals or related materials, platinum group metal catalysts and platinum group metal chemicals; Fine Chemicals, which is a supplier of active pharmaceutical ingredients (API), custom services and catalyst technologies, and New Businesses, which focuses on its Battery Technologies, Atmosphere Control Technologies and Fuel Cells Businesses.
Receive News & Ratings for Johnson Matthey Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Johnson Matthey and related companies with MarketBeat.com's FREE daily email newsletter.