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Home / Ranges / Johnson Matthey (JMAT.L) 04-12-19

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

Johnson Matthey (JMAT.L) 04-12-19

Johnson Matthey (JMAT.L): Currently in a trading range, will it continue within the current range and return to highs of 3214p? (+17%)

 

  • Currently trading around the 2830p support at 2853p (at time of writing).
  • The range has been reliable up to now. Will it continue?
  • Will the price continue in this range, returning to recent highs of 3214p? (+17%).
  • Technical traders should be mindful of news and developments.
  • Shares -17% from 12-month highs; +8% from 12 month lows.

Latest News

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, CEO, bought 5,250 shares in 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

 

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