Johnson Matthey (OTCMKTS:JMPLY) Downgraded by Berenberg Bank to “Hold”

Berenberg Bank lowered shares of Johnson Matthey (OTCMKTS:JMPLY) from a strong-buy rating to a hold rating in a research report released on Wednesday morning,Zacks reports.

A number of other brokerages have also recently weighed in on JMPLY. Citigroup upgraded shares of Johnson Matthey to a “strong-buy” rating in a report on Friday, October 16th. Zacks Research lowered shares of Johnson Matthey from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 15th. Jefferies Financial Group raised Johnson Matthey to a “strong-buy” rating in a report on Tuesday, August 4th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Johnson Matthey in a report on Monday, September 21st. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Johnson Matthey Stock Performance

Shares of JMPLY opened at $65.72 on Wednesday. The company has a quick ratio of 1.21, a current ratio of 1.56 and a debt-to-equity ratio of 0.66. The firm’s 50 day moving average is $63.36 and its 200-day moving average is $57.88. Johnson Matthey has a 12-month low of $56.22 and a 12-month high of $87.60.

Johnson Matthey Company Profile

Johnson Matthey plc is a global specialty chemicals and sustainable technologies company. It develops and manufactures catalysts, advanced materials and process technologies that help customers improve resource efficiency, reduce emissions and support the transition to lower-carbon energy systems.

The company’s activities include emissions-control catalysts for vehicles and industrial applications, platinum-group metal refining and recycling, and catalyst technologies used in chemical and energy production.