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Home / Ranges / Johnson Matthey (JMAT.L) 20-01-20

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

Johnson Matthey (JMAT.L) 20-01-20

Will Johnson Matthey (JMAT.L) shares break support, or will it continue within the current range and return to highs of 3235p? (+18%)

 

  • Currently trading around the 2810p support at 2810p (at time of writing).
  • The range has proven robust to date. Will the pattern repeat?
  • The price has traded within this range for some time. However, traders should be mindful of stop-loss placement.
  • Will the price continue in this range, bouncing once again to recent highs of 3235p? (+18%).
  • Technical traders should be mindful of news and developments. Check our website and the press for updates.
  • Shares -18% from 12-month highs; +1% 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

 

Click to enlarge

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