Barclays Cuts Johnson Matthey (OTCMKTS:JMPLY) Price Target to 2,320.00

Johnson Matthey (OTCMKTS:JMPLY) had its price target dropped by research analysts at Barclays from 2,510.00 to 2,320.00 in a research note issued on Friday, The Fly reports. The brokerage presently has an “underweight” rating on the basic materials company’s stock.

Other analysts have also recently issued research reports about the stock. Stifel Nicolaus raised shares of Johnson Matthey from a “hold” rating to a “buy” rating in a report on Thursday, December 2nd. UBS Group reiterated a “sell” rating on shares of Johnson Matthey in a research report on Wednesday, October 13th. Zacks Investment Research upgraded shares of Johnson Matthey from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 23rd. Panmure Gordon downgraded shares of Johnson Matthey from a “hold” rating to a “sell” rating in a research report on Tuesday, October 19th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Johnson Matthey in a research report on Friday, November 26th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $2,063.00.

JMPLY stock traded up $0.78 during midday trading on Friday, reaching $54.90. 1,620 shares of the company’s stock traded hands, compared to its average volume of 4,741. Johnson Matthey has a fifty-two week low of $50.74 and a fifty-two week high of $95.72. The business has a 50-day moving average price of $57.62 and a two-hundred day moving average price of $72.25.

Johnson Matthey Company Profile

Johnson Matthey is a global leader in science that enables a cleaner and healthier world. With over 200 years of sustained commitment to innovation and technological breakthroughs, they improve the function, performance and safety of their customers’ products. Their science has a global impact in areas such as low emission transport, pharmaceuticals, chemical processing and making the most efficient use of the planet’s natural resources.

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