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Home / Stocks and Markets at Lows / Johnson Matthey (JMAT.L) 07-02-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Johnson Matthey (JMAT.L) 07-02-20

Johnson Matthey (JMAT.L) has fallen dramatically from recent highs of 3271.0p. Will it continue, or is this an opportunity to pick up a bargain?

 

  • Now trading at 2659.48p (at time of writing). A return to previous highs would represent a rise of 23%.
  • This stock is one of the most significant fallers in the period.
  • Is the trend your friend, or is a bounce imminent?
  • The market often over-reacts to bad news. Investors should consider whether it is down for good reason, or is this another over-reaction?
  • Investors seeking a bargain should be mindful of fundamentals and events, which can influence price action. Check our website and news outlets for updates.
  • Shares -23% from 12-month highs; +2% from 12 month lows.

Latest News

27 Jan:  Bank of America Merrill Lynch has downgraded its rating on Johnson Matthey (JMAT) to underperform (from buy).

28 Nov:  JP Morgan Cazenove has downgraded its rating on Johnson Matthey (JMAT) to underweight (from neutral) and reduced the target price to 2850p (from 3400p).

27 Nov:  Barclays Capital reiterates its equal weight rating on Johnson Matthey (JMAT) and reduced the target price to 3330p (from 3790p).

27 Nov:  Liberum Capital reiterates its buy rating on Johnson Matthey (JMAT) and reduced the target price to 3500p (from 4400p).

25 Nov:  Robert MacLeod, Chief Executive Officer, bought 5,250 shares within the firm on the 25th November 2019 at a price of 2841.60p. This Director currently has 64,172 shares.

25 Nov:  Berenberg reiterates its buy rating on Johnson Matthey (JMAT) and reduced the target price to 3600p (from 3750p).

22 Nov:  Deutsche Bank reiterates its buy rating on Johnson Matthey (JMAT) and reduced the target price to 3600p (from 3700p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

Click to enlarge

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