Johnson Matthey PLC (JMAT) Price Target Increased to GBX 3,900 by Analysts at Morgan Stanley

Johnson Matthey PLC (LON:JMAT) had its price objective boosted by equities researchers at Morgan Stanley from GBX 3,500 ($46.03) to GBX 3,900 ($51.30) in a note issued to investors on Monday. The firm presently has an “overweight” rating on the stock. Morgan Stanley’s target price would indicate a potential upside of 16.94% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. Citigroup Inc. reissued a “buy” rating and issued a GBX 3,800 ($49.98) price objective on shares of Johnson Matthey PLC in a report on Wednesday, August 30th. Deutsche Bank AG reissued a “buy” rating and issued a GBX 3,600 ($47.35) price objective on shares of Johnson Matthey PLC in a report on Thursday, August 24th. Liberum Capital reissued a “hold” rating and issued a GBX 3,300 ($43.40) price objective on shares of Johnson Matthey PLC in a report on Thursday, September 21st. J P Morgan Chase & Co boosted their price objective on Johnson Matthey PLC from GBX 3,200 ($42.09) to GBX 3,400 ($44.72) and gave the company a “neutral” rating in a report on Tuesday, October 10th. Finally, Barclays PLC raised Johnson Matthey PLC to an “overweight” rating and boosted their price objective for the company from GBX 3,380 ($44.46) to GBX 3,450 ($45.38) in a report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of GBX 3,536.64 ($46.52).

Johnson Matthey PLC (LON JMAT) opened at GBX 3,335 ($43.86) on Monday. Johnson Matthey PLC has a fifty-two week low of GBX 2,681 ($35.26) and a fifty-two week high of GBX 3,511 ($46.18).

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In other news, insider Robert MacLeod acquired 12 shares of the business’s stock in a transaction on Wednesday, September 20th. The stock was bought at an average cost of GBX 2,955 ($38.87) per share, for a total transaction of £354.60 ($466.39). Also, insider John Walker acquired 9 shares of the business’s stock in a transaction on Wednesday, October 18th. The shares were purchased at an average price of GBX 3,393 ($44.63) per share, with a total value of £305.37 ($401.64). Insiders purchased a total of 33 shares of company stock valued at $99,081 in the last ninety days.

Johnson Matthey PLC Company Profile

Analyst Recommendations for Johnson Matthey PLC (LON:JMAT)

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