Today’s Rating Change: Is Johnson Matthey PLC (LON:JMAT) Worth Your Time After Placed Numis’s Upgrade?

November 23, 2016 - By Ellis Scott

Johnson Matthey PLC (LON:JMAT) Upgrade

In a a note issued to investors and clients on Wednesday morning, Numis has raised Johnson Matthey PLC (LON:JMAT) stock to a Add and has set a 12-month TP at GBX 3754.00. Numis’s target is 14.85% from JMAT’s last price.

Johnson Matthey PLC (LON:JMAT) Ratings Coverage

Out of 15 analysts covering Johnson Matthey PLC (LON:JMAT), 7 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 47% are positive. GBX 3800 is the highest target while GBX 290 is the lowest. The GBX 3162.67 average target is -3.13% below today’s (GBX 3265) stock price. Johnson Matthey PLC has been the topic of 115 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The stock of Johnson Matthey PLC (LON:JMAT) has “Neutral” rating given on Tuesday, December 1 by BNP Paribas. The firm earned “Buy” rating on Thursday, December 3 by Deutsche Bank. Deutsche Bank maintained Johnson Matthey PLC (LON:JMAT) on Wednesday, September 28 with “Buy” rating. The firm has “Buy” rating by Numis Securities given on Monday, October 5. The firm has “Add” rating given on Thursday, December 24 by AlphaValue. As per Wednesday, October 14, the company rating was maintained by HSBC. Deutsche Bank maintained it with “Buy” rating and GBX 3550 target price in Friday, November 18 report. The rating was maintained by Liberum Capital on Thursday, September 3 with “Hold”. Liberum Capital maintained Johnson Matthey PLC (LON:JMAT) rating on Monday, January 25. Liberum Capital has “Hold” rating and GBX 2900 price target. The firm has “Neutral” rating by JP Morgan given on Friday, November 18.

About 327,397 shares traded hands. Johnson Matthey PLC (LON:JMAT) has risen 12.10% since April 26, 2016 and is uptrending. It has outperformed by 6.77% the S&P500.

Johnson Matthey Plc is a specialty chemicals company. The company has a market cap of 6.32 billion GBP.

More important recent Johnson Matthey PLC (LON:JMAT) news were published by: Marketwatch.com which released: “Johnson Matthey profit rises, backs full-year view” on November 17, 2016, also Bloomberg.com published article titled: “Johnson Matthey Profit Beats on Pollution Control Demand”, Bloomberg.com published: “Platinum, Palladium Seen in Deficit by Johnson Matthey” on May 16, 2016. More interesting news about Johnson Matthey PLC (LON:JMAT) was released by: Fool.Co.Uk and their article: “Is Johnson Matthey plc a better buy than BP plc?” with publication date: June 05, 2016.

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