Johnson Matthey (LON:JMAT)‘s stock had its “outperform” rating restated by research analysts at Credit Suisse Group in a note issued to investors on Tuesday. They currently have a GBX 3,900 ($53.88) price objective on the stock. Credit Suisse Group’s price objective would indicate a potential upside of 22.83% from the stock’s previous close.
A number of other brokerages have also recently commented on JMAT. Liberum Capital reiterated a “hold” rating on shares of Johnson Matthey in a research report on Wednesday, January 24th. Barclays lifted their target price on shares of Johnson Matthey from GBX 3,510 ($48.49) to GBX 3,700 ($51.12) and gave the stock an “overweight” rating in a research report on Tuesday, January 30th. Deutsche Bank reiterated a “buy” rating and issued a GBX 3,800 ($52.50) target price on shares of Johnson Matthey in a research report on Wednesday, January 31st. Citigroup reiterated a “buy” rating and issued a GBX 4,000 ($55.26) target price on shares of Johnson Matthey in a research report on Wednesday, November 22nd. Finally, Morgan Stanley lifted their target price on shares of Johnson Matthey from GBX 3,500 ($48.36) to GBX 3,900 ($53.88) and gave the stock an “overweight” rating in a research report on Monday, November 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. Johnson Matthey has a consensus rating of “Buy” and a consensus price target of GBX 3,592.22 ($49.63).
Johnson Matthey (JMAT) opened at GBX 3,175 ($43.87) on Tuesday. The company has a market cap of $6,140.00 and a price-to-earnings ratio of 1,671.05. Johnson Matthey has a 52-week low of GBX 2,681 ($37.04) and a 52-week high of GBX 3,511 ($48.51).
In other news, insider Robert MacLeod acquired 12 shares of the firm’s stock in a transaction on Wednesday, January 17th. The shares were purchased at an average price of GBX 3,273 ($45.22) per share, for a total transaction of £392.76 ($542.64).
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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