Johnson Matthey PLC (JMAT) Shares Up 0.7% Following Analyst Upgrade
Shares of Johnson Matthey PLC (LON:JMAT) shot up 0.7% during trading on Tuesday after Morgan Stanley raised their price target on the stock from GBX 3,500 to GBX 3,900. Morgan Stanley currently has an overweight rating on the stock. Johnson Matthey PLC traded as high as GBX 3,326 ($43.75) and last traded at GBX 3,372 ($44.35). 646,558 shares traded hands during mid-day trading, an increase of 18% from the average session volume of 548,239 shares. The stock had previously closed at GBX 3,350 ($44.06).
JMAT has been the topic of several other research reports. Liberum Capital reaffirmed a “hold” rating and issued a GBX 3,300 ($43.40) price objective on shares of Johnson Matthey PLC in a research report on Friday, July 28th. Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 3,600 ($47.35) price objective on shares of Johnson Matthey PLC in a research report on Thursday, August 24th. J P Morgan Chase & Co reissued a “neutral” rating and issued a GBX 3,200 ($42.09) price target on shares of Johnson Matthey PLC in a research report on Monday, July 31st. UBS AG initiated coverage on shares of Johnson Matthey PLC in a research report on Monday, August 21st. They issued a “sell” rating and a GBX 2,650 ($34.85) price target on the stock. Finally, Citigroup Inc. reissued a “buy” rating and issued a GBX 3,800 ($49.98) price target on shares of Johnson Matthey PLC in a research report on Wednesday, August 30th. 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. The stock currently has a consensus rating of “Hold” and an average price target of GBX 3,536.64 ($46.52).
In other news, insider Robert MacLeod acquired 12 shares of Johnson Matthey PLC stock in a transaction that occurred on Wednesday, September 20th. The stock was bought at an average price of GBX 2,955 ($38.87) per share, with a total value of £354.60 ($466.39). Also, insider John Walker acquired 9 shares of Johnson Matthey PLC stock in a transaction that occurred on Wednesday, October 18th. The shares were purchased at an average cost of GBX 3,393 ($44.63) per share, with a total value of £305.37 ($401.64). In the last ninety days, insiders have purchased 33 shares of company stock valued at $99,081.
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About Johnson Matthey PLC
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