Deutsche Bank Reaffirms “Buy” Rating for Johnson Matthey (JMAT)
Johnson Matthey (LON:JMAT)‘s stock had its “buy” rating reiterated by research analysts at Deutsche Bank in a report issued on Wednesday. They currently have a GBX 3,800 ($53.36) price target on the stock. Deutsche Bank’s price target indicates a potential upside of 13.91% from the company’s current price.
A number of other analysts have also recently weighed in on JMAT. Morgan Stanley restated an “overweight” rating and issued a GBX 3,900 ($54.77) price objective on shares of Johnson Matthey in a research note on Thursday. Barclays boosted their price objective on shares of Johnson Matthey from GBX 3,510 ($49.29) to GBX 3,700 ($51.96) and gave the stock an “overweight” rating in a research note on Tuesday, January 30th. Liberum Capital restated a “hold” rating on shares of Johnson Matthey in a research note on Wednesday, January 24th. Credit Suisse Group restated an “outperform” rating and issued a GBX 3,900 ($54.77) price objective on shares of Johnson Matthey in a research note on Thursday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Johnson Matthey from GBX 3,200 ($44.94) to GBX 3,400 ($47.75) and gave the stock a “neutral” rating in a research note on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of GBX 3,592.22 ($50.45).
Johnson Matthey (LON:JMAT) traded down GBX 98 ($1.38) during midday trading on Wednesday, reaching GBX 3,336 ($46.85). 583,489 shares of the company’s stock were exchanged, compared to its average volume of 592,445. The firm has a market capitalization of $6,460.00 and a PE ratio of 1,755.79. Johnson Matthey has a 1 year low of GBX 2,681 ($37.65) and a 1 year high of GBX 3,511 ($49.30).
In other Johnson Matthey news, insider Robert MacLeod purchased 12 shares of the stock in a transaction on Wednesday, January 17th. The shares were purchased at an average price of GBX 3,273 ($45.96) per share, with a total value of £392.76 ($551.55).
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About Johnson Matthey
Johnson Matthey Plc is a specialty chemicals company. The Company operates in five divisions: Emission Control Technologies, which is a manufacturer of catalysts and catalyst systems for vehicles and industry; Process Technologies, which is a supplier of catalysts, licensing technologies and other services to the syngas, oleo/biochemical, petrochemical, oil refining and gas processing industries; Precious Metal Products, which is organized into its Services businesses, which include management, distribution, refining and recycling of precious metals, and its Manufacturing businesses, which fabricates products using precious metals or related materials, platinum group metal catalysts and platinum group metal chemicals; Fine Chemicals, which is a supplier of active pharmaceutical ingredients (API), custom services and catalyst technologies, and New Businesses, which focuses on its Battery Technologies, Atmosphere Control Technologies and Fuel Cells Businesses.
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