Johnson Matthey (JMAT) Earns “Outperform” Rating from Credit Suisse Group
Johnson Matthey (LON:JMAT)‘s stock had its “outperform” rating reiterated by stock analysts at Credit Suisse Group in a research report issued on Monday. They presently have a GBX 3,900 ($53.88) price objective on the stock. Credit Suisse Group’s price objective suggests a potential upside of 25.44% from the stock’s previous close.
Other equities analysts also recently issued reports about the stock. Citigroup reaffirmed a “buy” rating and set a GBX 4,000 ($55.26) price objective on shares of Johnson Matthey in a report on Tuesday, December 12th. Berenberg Bank raised shares of Johnson Matthey to a “buy” rating and raised their price target for the stock from GBX 3,350 ($46.28) to GBX 3,680 ($50.84) in a research note on Friday, January 12th. Deutsche Bank reissued a “buy” rating and issued a GBX 3,800 ($52.50) price target on shares of Johnson Matthey in a research note on Wednesday, January 31st. Liberum Capital reissued a “hold” rating and issued a GBX 3,300 ($45.59) price target on shares of Johnson Matthey in a research note on Wednesday, January 31st. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 3,400 ($46.97) price target on shares of Johnson Matthey in a research note on Wednesday, November 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of GBX 3,592.22 ($49.63).
Johnson Matthey (LON JMAT) traded down GBX 1 ($0.01) on Monday, reaching GBX 3,109 ($42.95). 833,076 shares of the company’s stock traded hands, compared to its average volume of 751,934. The stock has a market capitalization of $6,020.00 and a P/E ratio of 1,636.32. Johnson Matthey has a fifty-two week low of GBX 2,681 ($37.04) and a fifty-two week high of GBX 3,511 ($48.51).
In other news, insider Robert MacLeod bought 12 shares of Johnson Matthey stock in a transaction on Wednesday, January 17th. The shares were bought at an average cost of GBX 3,273 ($45.22) per share, with a total value of £392.76 ($542.64).
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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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