Johnson Matthey PLC (JMAT) Receives “Neutral” Rating from J P Morgan Chase & Co

Johnson Matthey PLC (LON:JMAT)‘s stock had its “neutral” rating reaffirmed by stock analysts at J P Morgan Chase & Co in a research note issued to investors on Monday. They currently have a GBX 3,200 ($41.69) target price on the stock. J P Morgan Chase & Co’s target price points to a potential upside of 14.41% from the stock’s current price.

A number of other research firms have also recently commented on JMAT. Liberum Capital reissued a “hold” rating and issued a GBX 3,300 ($42.99) target price on shares of Johnson Matthey PLC in a research note on Thursday, June 1st. Deutsche Bank AG reduced their price objective on Johnson Matthey PLC from GBX 3,700 ($48.20) to GBX 3,600 ($46.90) and set a “buy” rating on the stock in a research note on Friday, June 2nd. UBS AG cut Johnson Matthey PLC to a “sell” rating and reduced their price objective for the company from GBX 3,300 ($42.99) to GBX 2,750 ($35.83) in a research note on Friday, May 19th. Morgan Stanley raised Johnson Matthey PLC to an “overweight” rating and raised their price objective for the company from GBX 3,000 ($39.08) to GBX 3,500 ($45.60) in a research note on Thursday, June 29th. Finally, Barclays PLC raised Johnson Matthey PLC to an “overweight” rating and raised their price objective for the company from GBX 3,380 ($44.03) to GBX 3,450 ($44.95) in a research note on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. Johnson Matthey PLC currently has an average rating of “Hold” and an average target price of GBX 3,390.30 ($44.17).

Johnson Matthey PLC (LON JMAT) opened at 2775.00 on Monday. The firm’s 50-day moving average price is GBX 2,908.10 and its 200 day moving average price is GBX 3,031.61. The firm’s market capitalization is GBX 5.32 billion. Johnson Matthey PLC has a one year low of GBX 2,724.00 and a one year high of GBX 3,568.00.

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In other Johnson Matthey PLC news, insider John Walker bought 15 shares of the business’s stock in a transaction that occurred on Wednesday, July 19th. The shares were bought at an average cost of GBX 2,881 ($37.53) per share, with a total value of £432.15 ($562.99). Also, insider Annette Kelleher bought 12 shares of the business’s stock in a transaction that occurred on Wednesday, June 21st. The stock was acquired at an average cost of GBX 3,018 ($39.32) per share, for a total transaction of £362.16 ($471.81). Insiders purchased 39 shares of company stock worth $116,859 over the last three months.

About Johnson Matthey PLC