Johnson Matthey (LON:JMAT) Rating Reaffirmed
In analysts report announced on Thursday, 3 December, The “Equalwt/In-Line” rating of Johnson Matthey (LON:JMAT) shares was has restated at Morgan Stanley, who now has a GBX 2840 PT on the stock. Morgan Stanley’s PT means a possible upside of 3.24% from the price per share of the company.
From a total of 12 analysts covering Johnson Matthey PLC (LON:JMAT) stock, 7 rate it a ”Buy”, 0 a “Sell”, and 7 a ”Hold”. This means that 50% of the ratings are positive. The highest target price is GBX 3815 while the lowest target price is GBX 2550. The mean of all analyst targets is GBX 3212.17 with a 14.50% above today’s (GBX 2763) stock price. Johnson Matthey PLC was the topic of 49 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on December 3 with “Buy” rating. UBS maintained shares with “Neutral” rating and GBX 2680 target share price in a report from a November 19. BNP Paribas maintained JMAT stock in a recent report from December 1 with “Neutral” rating. Liberum Capital maintained the rating on November 19. Liberum Capital has a “Hold” rating and a GBX 2900 price target on shares. Finally, JP Morgan maintained the stock with “Neutral” rating in a report issued on a November 20.
Approximately 428,855 shares of stock traded hands. Johnson Matthey PLC (LON:JMAT) has declined 8.34% since May 6, 2015 and is downtrending. It has underperformed by 8.06% the S&P500.
Johnson Matthey PLC is a specialty chemicals company. The company has a market cap of 5.67 billion GBP. The Firm operates in five divisions: Emission Control Technologies, Process Technologies, Precious Metal Products, Fine Chemicals and New Businesses. It has 10.5 P/E ratio. Emission Control Technologies is a maker of catalysts and catalyst systems for vehicles and industry.