Johnson Matthey PLC (LON:JMAT) had its target price hoisted by stock analysts at Numis Securities Ltd from GBX 3,394 ($42.00) to GBX 3,711 ($45.93) in a research note issued to investors on Tuesday. The brokerage presently has a “hold” rating on the stock. Numis Securities Ltd’s price objective points to a potential upside of 6.52% from the company’s previous close.
JMAT has been the topic of a number of other research reports. Credit Suisse Group AG reissued an “outperform” rating and set a GBX 3,400 ($42.08) price objective on shares of Johnson Matthey PLC in a report on Wednesday, September 28th. Deutsche Bank AG restated a “buy” rating and issued a GBX 3,550 ($43.94) target price on shares of Johnson Matthey PLC in a research note on Tuesday, September 13th. JPMorgan Chase & Co. upped their target price on Johnson Matthey PLC from GBX 2,750 ($34.03) to GBX 2,850 ($35.27) and gave the stock a “neutral” rating in a research note on Thursday, July 21st. Berenberg Bank lowered Johnson Matthey PLC to a “hold” rating and upped their target price for the stock from GBX 3,250 ($40.22) to GBX 3,350 ($41.46) in a research note on Tuesday, August 2nd. Finally, Jefferies Group upped their target price on Johnson Matthey PLC from GBX 3,615 ($44.74) to GBX 3,650 ($45.17) and gave the stock a “buy” rating in a research note on Thursday, June 16th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 3,184.55 ($39.41).
Johnson Matthey PLC (LON:JMAT) opened at 3481.00 on Tuesday. Johnson Matthey PLC has a 52-week low of GBX 2,215.00 and a 52-week high of GBX 3,538.00. The firm has a 50-day moving average price of GBX 3,314.50 and a 200-day moving average price of GBX 3,061.63. The company’s market cap is GBX 6.67 billion.
In other news, insider Farrant,Simon sold 3,577 shares of the stock in a transaction dated 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). Also, insider Garner,Nicholas acquired 12 shares of Johnson Matthey PLC stock in a transaction dated 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).
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.
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