Johnson Matthey (OTCMKTS:JMPLY) Cut to “Hold” at Berenberg Bank

Johnson Matthey (OTCMKTS:JMPLY) was downgraded by equities research analysts at Berenberg Bank from a “strong-buy” rating to a “hold” rating in a research note issued on Wednesday, Zacks reports.

Several other brokerages also recently weighed in on JMPLY. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Johnson Matthey in a research report on Monday, September 21st. Zacks Research lowered Johnson Matthey from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 15th. Jefferies Financial Group upgraded Johnson Matthey to a “strong-buy” rating in a report on Tuesday, August 4th. Finally, Citigroup raised Johnson Matthey to a “strong-buy” rating in a research report on Friday, October 16th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Johnson Matthey Price Performance

Shares of OTCMKTS JMPLY opened at $65.72 on Wednesday. Johnson Matthey has a 12-month low of $56.22 and a 12-month high of $87.60. The company has a current ratio of 1.56, a quick ratio of 1.21 and a debt-to-equity ratio of 0.66. The stock has a fifty day moving average price of $63.36 and a 200 day moving average price of $57.88.

About Johnson Matthey

Johnson Matthey plc is a global specialty chemicals and sustainable technologies company. It develops and manufactures catalysts, advanced materials and process technologies that help customers improve resource efficiency, reduce emissions and support the transition to lower-carbon energy systems.

The company’s activities include emissions-control catalysts for vehicles and industrial applications, platinum-group metal refining and recycling, and catalyst technologies used in chemical and energy production.