J P Morgan Chase & Co Reaffirms Neutral Rating for Johnson Matthey Plc (JMAT)
J P Morgan Chase & Co reiterated their neutral rating on shares of Johnson Matthey Plc (LON:JMAT) in a research note released on Wednesday. They currently have a GBX 3,400 ($44.72) price target on the stock.
Several other equities research analysts have also issued reports on the company. Liberum Capital reissued a hold rating and set a GBX 3,400 ($44.72) price objective on shares of Johnson Matthey Plc in a research note on Tuesday. Barclays PLC reissued an overweight rating and set a GBX 3,680 ($48.40) price objective (up previously from GBX 3,450 ($45.38)) on shares of Johnson Matthey Plc in a research note on Thursday, November 16th. Morgan Stanley lifted their price objective on Johnson Matthey Plc from GBX 3,500 ($46.03) to GBX 3,900 ($51.30) and gave the company an overweight rating in a research note on Monday, November 13th. Deutsche Bank AG lifted their price objective on Johnson Matthey Plc from GBX 3,600 ($47.35) to GBX 4,300 ($56.56) and gave the company a buy rating in a research note on Friday, September 29th. Finally, Citigroup Inc. reissued a buy rating and set a GBX 3,800 ($49.98) price objective on shares of Johnson Matthey Plc in a research note on Wednesday, August 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. Johnson Matthey Plc has a consensus rating of Hold and an average price target of GBX 3,578.30 ($47.06).
Johnson Matthey Plc (LON JMAT) opened at GBX 3,083 ($40.55) on Wednesday. Johnson Matthey Plc has a 52-week low of GBX 2,681 ($35.26) and a 52-week high of GBX 3,511 ($46.18).
Johnson Matthey Plc (LON:JMAT) last announced its quarterly earnings results on Tuesday, November 21st. The company reported GBX 99.80 ($1.31) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 100.10 ($1.32) by GBX (0.30) ($0.00). The company had revenue of GBX 647.83 billion during the quarter. Johnson Matthey Plc had a net margin of 3.24% and a return on equity of 20.36%.
In other Johnson Matthey Plc news, insider Robert MacLeod acquired 12 shares of the company’s 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 the company’s stock in a transaction that occurred on Wednesday, October 18th. The shares were acquired at an average cost of GBX 3,393 ($44.63) per share, with a total value of £305.37 ($401.64). Insiders have purchased 33 shares of company stock valued at $105,645 in the last three months.
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About Johnson Matthey Plc
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