Johnson Matthey PLC’s (JMAT) Buy Rating Reiterated at Citigroup Inc.
Citigroup Inc. reaffirmed their buy rating on shares of Johnson Matthey PLC (LON:JMAT) in a research report released on Wednesday morning. Citigroup Inc. currently has a GBX 3,800 ($49.15) target price on the stock.
Other equities analysts also recently issued reports about the stock. UBS AG downgraded shares of Johnson Matthey PLC to a sell rating and decreased their price target for the stock from GBX 3,300 ($42.68) to GBX 2,750 ($35.57) in a research note on Friday, May 19th. Morgan Stanley raised shares of Johnson Matthey PLC to an overweight rating and increased their price target for the stock from GBX 3,000 ($38.80) to GBX 3,500 ($45.27) in a research note on Thursday, June 29th. Deutsche Bank AG reissued a buy rating on shares of Johnson Matthey PLC in a research note on Monday, July 17th. J P Morgan Chase & Co reissued a neutral rating and issued a GBX 3,200 ($41.39) price target on shares of Johnson Matthey PLC in a research note on Thursday, June 8th. Finally, Liberum Capital reissued a hold rating and issued a GBX 3,300 ($42.68) price target on shares of Johnson Matthey PLC in a research note on Thursday, June 1st. One 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. Johnson Matthey PLC has an average rating of Hold and a consensus target price of GBX 3,418.45 ($44.21).
Johnson Matthey PLC (LON JMAT) opened at 2783.00 on Wednesday. Johnson Matthey PLC has a 52-week low of GBX 2,677.68 and a 52-week high of GBX 3,568.00. The company’s market capitalization is GBX 5.34 billion. The stock has a 50 day moving average price of GBX 2,808.19 and a 200 day moving average price of GBX 2,959.37.
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In other Johnson Matthey PLC news, insider Jane Griffiths bought 2,671 shares of the firm’s stock in a transaction on Monday, July 31st. The stock was acquired at an average price of GBX 2,786 ($36.03) per share, with a total value of £74,414.06 ($96,241.67). Also, insider Annette Kelleher bought 12 shares of the firm’s stock in a transaction on Wednesday, August 16th. The shares were acquired at an average cost of GBX 2,757 ($35.66) per share, with a total value of £330.84 ($427.88). Insiders have acquired 2,710 shares of company stock valued at $7,553,921 in the last ninety days.
Johnson Matthey PLC Company Profile
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