Johnson Matthey PLC (JMAT) Trading 2.6% Higher

Johnson Matthey PLC (LON:JMAT)’s share price traded up 2.6% during mid-day trading on Monday . The stock traded as high as GBX 2,919 ($39.36) and last traded at GBX 2,910 ($39.23). 757,224 shares changed hands during mid-day trading, an increase of 31% from the average session volume of 578,804 shares. The stock had previously closed at GBX 2,835 ($38.22).

Several equities analysts have recently issued reports on the company. Morgan Stanley upgraded Johnson Matthey PLC to an “overweight” rating and lifted their price objective for the company from GBX 3,000 ($40.45) to GBX 3,500 ($47.19) in a research note on Thursday, June 29th. Liberum Capital reissued a “hold” rating on shares of Johnson Matthey PLC in a research report on Wednesday, September 13th. Deutsche Bank AG reissued a “buy” rating on shares of Johnson Matthey PLC in a research report on Monday, July 17th. J P Morgan Chase & Co reissued a “neutral” rating and set a GBX 3,200 ($43.14) target price on shares of Johnson Matthey PLC in a research report on Thursday, June 8th. Finally, UBS AG initiated coverage on Johnson Matthey PLC in a research report on Monday, August 21st. They set a “sell” rating and a GBX 2,650 ($35.73) target price on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of GBX 3,427.55 ($46.21).

The stock’s market cap is GBX 5.58 billion. The company has a 50-day moving average of GBX 2,806.56 and a 200-day moving average of GBX 2,941.84.

In other news, insider Annette Kelleher acquired 12 shares of the business’s stock in a transaction on Wednesday, June 21st. The shares were purchased at an average price of GBX 3,018 ($40.69) per share, for a total transaction of £362.16 ($488.28). Also, insider John Walker acquired 15 shares of the business’s stock in a transaction on Wednesday, July 19th. The shares were purchased at an average price of GBX 2,881 ($38.84) per share, for a total transaction of £432.15 ($582.65). Insiders purchased 2,710 shares of company stock valued at $7,553,921 in the last three months.

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