Johnson Matthey PLC (JMAT) Shares Down 2.2%

Johnson Matthey PLC (LON:JMAT)’s share price fell 2.2% on Tuesday . The company traded as low as GBX 3,374 ($44.83) and last traded at GBX 3,374 ($44.83). 460,836 shares traded hands during trading, a decline of 41% from the average session volume of 784,411 shares. The stock had previously closed at GBX 3,449 ($45.83).

A number of research firms have weighed in on JMAT. Liberum Capital restated a “hold” rating and set a GBX 3,300 ($43.85) price objective on shares of Johnson Matthey PLC in a research report on Friday, July 28th. Deutsche Bank AG restated a “buy” rating and set a GBX 3,600 ($47.83) price objective on shares of Johnson Matthey PLC in a research report on Thursday, August 24th. Morgan Stanley restated an “overweight” rating and set a GBX 3,500 ($46.51) price objective on shares of Johnson Matthey PLC in a research report on Monday, September 18th. J P Morgan Chase & Co restated a “neutral” rating and set a GBX 3,200 ($42.52) price objective on shares of Johnson Matthey PLC in a research report on Monday, July 31st. Finally, UBS AG began coverage on shares of Johnson Matthey PLC in a research report on Monday, August 21st. They set a “sell” rating and a GBX 2,650 ($35.21) price objective for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. Johnson Matthey PLC has a consensus rating of “Hold” and an average target price of GBX 3,500.27 ($46.51).

The firm’s market capitalization is GBX 6.47 billion. The company’s 50 day moving average price is GBX 3,133.58 and its 200 day moving average price is GBX 2,996.72.

In other news, insider Robert MacLeod bought 12 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The stock was purchased at an average price of GBX 2,955 ($39.26) per share, with a total value of £354.60 ($471.17). Also, insider Jane Griffiths bought 2,671 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was purchased at an average cost of GBX 2,786 ($37.02) per share, with a total value of £74,414.06 ($98,875.98). Insiders have bought a total of 2,710 shares of company stock valued at $7,553,165 in the last ninety days.

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