Morgan Stanley Reiterates “Overweight” Rating for Johnson Matthey PLC (JMAT)
Johnson Matthey PLC (LON:JMAT)‘s stock had its “overweight” rating reiterated by stock analysts at Morgan Stanley in a note issued to investors on Sunday. They currently have a GBX 3,500 ($47.07) price objective on the stock. Morgan Stanley’s target price indicates a potential upside of 1.42% from the company’s previous close.
A number of other brokerages also recently commented on JMAT. Deutsche Bank AG restated a “buy” rating and issued a GBX 3,600 ($48.41) target price on shares of Johnson Matthey PLC in a research note on Friday. Liberum Capital restated a “hold” rating and issued a GBX 3,300 ($44.38) target price on shares of Johnson Matthey PLC in a research note on Thursday, June 1st. J P Morgan Chase & Co restated a “neutral” rating and issued a GBX 3,200 ($43.03) target price on shares of Johnson Matthey PLC in a research note on Friday, June 2nd. Finally, Barclays PLC upgraded Johnson Matthey PLC to an “overweight” rating and boosted their target price for the company from GBX 3,380 ($45.45) to GBX 3,450 ($46.40) in a research note on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. Johnson Matthey PLC has an average rating of “Hold” and a consensus target price of GBX 3,418.45 ($45.97).
Johnson Matthey PLC (JMAT) opened at 3451.00 on Friday. Johnson Matthey PLC has a 12-month low of GBX 2,681.00 and a 12-month high of GBX 3,568.00. The stock’s market capitalization is GBX 6.62 billion. The stock has a 50 day moving average price of GBX 2,811.14 and a 200-day moving average price of GBX 2,941.08.
In other Johnson Matthey PLC news, insider Annette Kelleher acquired 12 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was acquired at an average price of GBX 2,757 ($37.08) per share, with a total value of £330.84 ($444.92). Also, insider Jane Griffiths acquired 2,671 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were acquired at an average cost of GBX 2,786 ($37.47) per share, with a total value of £74,414.06 ($100,072.70). Insiders acquired 2,710 shares of company stock valued at $7,553,165 in the last ninety days.
About Johnson Matthey PLC
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