Johnson Matthey PLC’s (JMAT) “Outperform” Rating Reaffirmed at Credit Suisse Group AG
Credit Suisse Group AG reiterated their outperform rating on shares of Johnson Matthey PLC (LON:JMAT) in a research report report published on Thursday. The brokerage currently has a GBX 3,400 ($42.08) price target on the stock.
A number of other analysts also recently issued reports on JMAT. Jefferies Group lifted their price target 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 report on Thursday, June 16th. Berenberg Bank reduced their target price on Johnson Matthey PLC from GBX 3,865 ($47.83) to GBX 3,250 ($40.22) and set a buy rating for the company in a report on Friday, July 1st. Deutsche Bank AG boosted their target price on Johnson Matthey PLC from GBX 3,450 ($42.70) to GBX 3,550 ($43.94) and gave the company a buy rating in a report on Monday, July 4th. Liberum Capital reissued a hold rating and issued a GBX 2,940 ($36.39) target price on shares of Johnson Matthey PLC in a report on Wednesday, July 20th. Finally, JPMorgan Chase & Co. boosted their target price on Johnson Matthey PLC from GBX 2,750 ($34.03) to GBX 2,850 ($35.27) and gave the company a neutral rating in a report on Thursday, July 21st. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of GBX 3,184.55 ($39.41).
Shares of Johnson Matthey PLC (LON:JMAT) traded up 1.65% on Thursday, reaching GBX 3545.50. The company had a trading volume of 407,524 shares. The company’s market capitalization is GBX 6.80 billion. Johnson Matthey PLC has a 52 week low of GBX 2,215.00 and a 52 week high of GBX 3,568.00. The company has a 50 day moving average of GBX 3,318.49 and a 200-day moving average of GBX 3,066.28.
In other Johnson Matthey PLC news, insider Farrant,Simon sold 3,577 shares of the business’s stock in a transaction that occurred on 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 bought 9 shares of the company’s stock in a transaction on Wednesday, August 17th. The shares were acquired at an average price of GBX 3,338 ($41.31) per share, for a total transaction of £300.42 ($371.81).
Johnson Matthey PLC Company Profile
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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