Johnson Matthey (LON:JMAT)‘s stock had its “neutral” rating reiterated by research analysts at JPMorgan Chase & Co. in a report released on Thursday. They presently have a GBX 3,400 ($46.97) target price on the stock. JPMorgan Chase & Co.’s price target indicates a potential upside of 4.62% from the stock’s previous close.
Several other brokerages have also recently commented on JMAT. Morgan Stanley reaffirmed an “overweight” rating and issued a GBX 3,900 ($53.88) target price on shares of Johnson Matthey in a research report on Thursday, February 1st. Credit Suisse Group reaffirmed an “outperform” rating and issued a GBX 3,900 ($53.88) target price on shares of Johnson Matthey in a research report on Thursday, February 1st. Liberum Capital reaffirmed a “hold” rating and issued a GBX 3,300 ($45.59) target price on shares of Johnson Matthey in a research report on Wednesday, January 31st. Deutsche Bank reaffirmed a “buy” rating and issued a GBX 3,800 ($52.50) target price on shares of Johnson Matthey in a research report on Wednesday, January 31st. Finally, Barclays raised their target price on Johnson Matthey from GBX 3,510 ($48.49) to GBX 3,700 ($51.12) and gave the stock an “overweight” rating in a research report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. Johnson Matthey presently has an average rating of “Buy” and an average price target of GBX 3,592.22 ($49.63).
Shares of Johnson Matthey (LON:JMAT) opened at GBX 3,250 ($44.90) on Thursday. The company has a market capitalization of $6,280.00 and a price-to-earnings ratio of 1,710.53. Johnson Matthey has a 12-month low of GBX 2,681 ($37.04) and a 12-month high of GBX 3,511 ($48.51).
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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.
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