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Johnson Matthey’s “hold” rating reaffirmed

Shares of Johnson Matthey, which currently have a GBX 3,470 (USD 58.30) target price, have received a hold rating from Numis Securities. The stock’s 50-day moving average is GBX 3206.40 and its 200-day moving average is GBX 3191.10. The company’s market cap is GBP 6.707 billion.

Numis Securities reiterated its hold rating on shares of Johnson Matthey (LON:JMAT) in a recently released research note. The company currently has a GBX 3,470 (USD 58.30) target price on the stock.
Numis Securities has also updated its ratings on a number of other stocks in the last week. The firm reiterated its hold rating on shares of Smith & Nephew plc (ADR). Numis Securities Ltd also reiterated its hold rating on shares of Pearson PLC (ADR). Finally, Numis Securities Ltd reiterated its buy rating on shares of Lloyds Banking Group PLC (ADR).
Shares of Johnson Matthey traded down 1.52% during mid-day trading on 1 May, hitting GBX 3308.0002. 320,798 shares of the company’s stock traded hands. Johnson Matthey PLC has a 52 week low of GBX 2449.00 and a 52 week high of GBX 3452.00. The stock’s 50-day moving average is GBX 3206.40 and its 200-day moving average is GBX 3191.10. The company’s market cap is GBP 6.707 billion.
A number of other firms have also recently commented on JMAT. Analysts at Deutsche Bank reiterated a buy rating on shares of Johnson Matthey PLC in a research note on Monday. They now have a GBX 3,650 (USD 61.32) price target on the stock. Finally, analysts at UBS AG raised their price target on shares of Johnson Matthey PLC from GBX 3,215 (USD 54.02) to GBX 3,275 (USD 55.02). They now have a neutral rating on the stock. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of GBX 3,238.60 (USD 54.41).
Johnson Matthey Plc is a global specialty chemicals company operating in three divisions: Environmental Technologies, Precious Metal Products and Fine Chemicals.

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