Johnson Matthey PLC (JMAT) Hits New 52-Week High at $3,511.00
Johnson Matthey PLC (LON:JMAT) reached a new 52-week high on Friday . The stock traded as high as GBX 3,511 ($46.33) and last traded at GBX 3,503 ($46.23), with a volume of shares.
JMAT has been the subject of several recent analyst reports. Citigroup Inc. restated a “buy” rating and set a GBX 3,800 ($50.15) target price on shares of Johnson Matthey PLC in a research note on Wednesday, August 30th. Barclays PLC upgraded Johnson Matthey PLC to an “overweight” rating and increased their price target for the company from GBX 3,380 ($44.60) to GBX 3,450 ($45.53) in a research note on Wednesday, July 26th. UBS AG initiated coverage on Johnson Matthey PLC in a research note on Monday, August 21st. They issued a “sell” rating and a GBX 2,650 ($34.97) price target for the company. J P Morgan Chase & Co increased their price target on Johnson Matthey PLC from GBX 3,200 ($42.23) to GBX 3,400 ($44.87) and gave the company a “neutral” rating in a research note on Tuesday, October 10th. Finally, Deutsche Bank AG reiterated a “buy” rating on shares of Johnson Matthey PLC in a research note on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. Johnson Matthey PLC has a consensus rating of “Hold” and a consensus target price of GBX 3,500.27 ($46.19).
In related news, insider Robert MacLeod acquired 12 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The stock was acquired at an average cost of GBX 2,955 ($38.99) per share, for a total transaction of £354.60 ($467.93). Also, insider John Walker acquired 9 shares of the firm’s stock in a transaction that occurred on Wednesday, October 18th. The stock was bought at an average price of GBX 3,393 ($44.77) per share, with a total value of £305.37 ($402.97). Insiders purchased 33 shares of company stock valued at $99,081 over the last 90 days.
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About Johnson Matthey PLC
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