Morgan Stanley Boosts Johnson Matthey Plc (JMAT) Price Target to GBX 3,900

Johnson Matthey Plc (LON:JMAT) had its price objective boosted by Morgan Stanley from GBX 3,500 ($46.03) to GBX 3,900 ($51.30) in a report issued on Monday, Marketbeat.com reports. Morgan Stanley currently has an overweight rating on the stock.

Several other research firms have also weighed in on JMAT. Deutsche Bank AG reiterated a buy rating on shares of Johnson Matthey Plc in a report on Monday, July 17th. Barclays PLC upgraded Johnson Matthey Plc to an overweight rating and lifted their target price for the stock from GBX 3,380 ($44.46) to GBX 3,450 ($45.38) in a report on Wednesday, July 26th. Liberum Capital reiterated a hold rating and set a GBX 3,300 ($43.40) target price on shares of Johnson Matthey Plc in a report on Friday, July 28th. J P Morgan Chase & Co reiterated a neutral rating and set a GBX 3,200 ($42.09) target price on shares of Johnson Matthey Plc in a report on Monday, July 31st. Finally, UBS AG began coverage on Johnson Matthey Plc in a report on Monday, August 21st. They set a sell rating and a GBX 2,650 ($34.85) target price on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average target price of GBX 3,557.55 ($46.79).

Johnson Matthey Plc (LON JMAT) opened at GBX 3,279 ($43.13) on Monday. Johnson Matthey Plc has a 12-month low of GBX 2,681 ($35.26) and a 12-month high of GBX 3,511 ($46.18).

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In related news, insider John Walker bought 9 shares of the stock in a transaction that occurred on Wednesday, October 18th. The shares were acquired at an average price of GBX 3,393 ($44.63) per share, with a total value of £305.37 ($401.64). Also, insider Robert MacLeod bought 12 shares of the stock in a transaction that occurred 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). Insiders acquired a total of 33 shares of company stock worth $105,645 in the last three months.

Johnson Matthey Plc Company Profile

Analyst Recommendations for Johnson Matthey Plc (LON:JMAT)

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