Trade Report: The Johnson Matthey PLC (JMAT) Price Target Increased to GBX 3,711 by Analysts at Numis Securities Ltd

The Johnson Matthey PLC (JMAT) Price Target Increased to GBX 3,711 by Analysts at Numis Securities Ltd

Johnson Matthey PLC (LON:JMAT) had its price objective lifted by Numis Securities Ltd from GBX 3,394 ($42.00) to GBX 3,711 ($45.93) in a research report released on Tuesday. The brokerage currently has a hold rating on the stock.

A number of other analysts have also recently issued reports on the stock. Credit Suisse Group AG restated an outperform rating and set a GBX 3,400 ($42.08) target price on shares of Johnson Matthey PLC in a research note on Wednesday, September 28th. Deutsche Bank AG reiterated a buy rating on shares of Johnson Matthey PLC in a research note on Wednesday, September 28th. Berenberg Bank cut shares of Johnson Matthey PLC to a hold rating and lifted their price objective for the stock from GBX 3,250 ($40.22) to GBX 3,350 ($41.46) in a research note on Tuesday, August 2nd. JPMorgan Chase & Co. lifted their price objective on shares of Johnson Matthey PLC from GBX 2,750 ($34.03) to GBX 2,850 ($35.27) and gave the stock a neutral rating in a research note on Thursday, July 21st. Finally, Liberum Capital reiterated a hold rating and issued a GBX 2,940 ($36.39) price objective on shares of Johnson Matthey PLC in a research note on Wednesday, July 20th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of GBX 3,184.55 ($39.41).

Shares of Johnson Matthey PLC (LON:JMAT) traded down 0.26% on Tuesday, hitting GBX 3515.00. 205,795 shares of the stock were exchanged. The company has a 50-day moving average price of GBX 3,309.78 and a 200-day moving average price of GBX 3,060.37. The firm’s market capitalization is GBX 6.74 billion. Johnson Matthey PLC has a one year low of GBX 2,215.00 and a one year high of GBX 3,538.00.

In related news, insider Garner,Nicholas purchased 12 shares of Johnson Matthey PLC stock in a transaction that occurred on Wednesday, July 20th. The stock was bought at an average cost of GBX 3,189 ($39.47) per share, for a total transaction of £382.68 ($473.61). Also, insider John Walker purchased 9 shares of Johnson Matthey PLC stock in a transaction that occurred on Wednesday, September 21st. The shares were bought at an average price of GBX 3,287 ($40.68) per share, with a total value of £295.83 ($366.13).

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