Johnson Matthey PLC (JMAT) Given New GBX 3,900 Price Target at Morgan Stanley

Johnson Matthey PLC (LON:JMAT) had its price target lifted by Morgan Stanley from GBX 3,500 ($46.03) to GBX 3,900 ($51.30) in a research note issued to investors on Monday. The firm currently has an overweight rating on the stock.

JMAT has been the topic of several other reports. Liberum Capital restated a hold rating and set a GBX 3,300 ($43.40) target price on shares of Johnson Matthey PLC in a research report on Friday, July 28th. Deutsche Bank AG reaffirmed a buy rating and issued a GBX 3,600 ($47.35) price target on shares of Johnson Matthey PLC in a report on Thursday, August 24th. J P Morgan Chase & Co reaffirmed a neutral rating and issued a GBX 3,200 ($42.09) price target on shares of Johnson Matthey PLC in a report on Monday, July 31st. UBS AG began coverage on shares of Johnson Matthey PLC in a report on Monday, August 21st. They issued a sell rating and a GBX 2,650 ($34.85) price target on the stock. Finally, Citigroup Inc. reaffirmed a buy rating and issued a GBX 3,800 ($49.98) price target on shares of Johnson Matthey PLC in a report on Wednesday, August 30th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of GBX 3,536.64 ($46.52).

Shares of Johnson Matthey PLC (LON:JMAT) traded up GBX 22 ($0.29) on Monday, reaching GBX 3,372 ($44.35). 646,558 shares of the company’s stock traded hands, compared to its average volume of 548,239. Johnson Matthey PLC has a one year low of GBX 2,681 ($35.26) and a one year high of GBX 3,511 ($46.18).

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In other news, insider Robert MacLeod acquired 12 shares of Johnson Matthey PLC stock in a transaction that occurred on Wednesday, September 20th. The shares were acquired at an average price of GBX 2,955 ($38.87) per share, with a total value of £354.60 ($466.39). Also, insider John Walker acquired 9 shares of Johnson Matthey PLC stock in a transaction that occurred on Wednesday, October 18th. The shares were purchased at an average cost of GBX 3,393 ($44.63) per share, for a total transaction of £305.37 ($401.64). Insiders have purchased 33 shares of company stock worth $99,081 in the last three months.

Johnson Matthey PLC Company Profile

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