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Home / Stocks and Markets at Lows / Johnson Matthey (JMAT.L) 27-03-20

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

Johnson Matthey (JMAT.L) 27-03-20

Johnson Matthey (JMAT.L) has dropped from highs of 3271p. Will it continue, or could you pick up a bargain?

 

  • Now trading at 1840.31p (at time of writing). A return to period highs would mean a rise of 77%.
  • This shares are amongst the most significant fallers in the period.
  • Markets constantly over-react to adverse news. Traders should consider whether the fall is reasonable, or is this another over-reaction?
  • Bargain hunters should be mindful of the underlying fundamentals.
  • Shares -46% from 12-month highs; +0% from 12 month lows.

Latest News

25 Mar:  Berenberg reiterates its buy rating on Johnson Matthey (JMAT) and reduced the target price to 2800p (from 3300p).

25 Mar:  Deutsche Bank reiterates its buy rating on Johnson Matthey (JMAT) and reduced the target price to 2700p (from 3600p).

24 Mar:  JP Morgan Cazenove has upgraded its rating on Johnson Matthey (JMAT) to neutral (from underweight) and reduced the target price to 2300p (from 2850p).

05 Mar:  Berenberg reiterates its buy rating on Johnson Matthey (JMAT) and reduced the target price to 3300p (from 3600p).

25 Feb:  Patrick Thomas, Chairman, bought 3,937 shares within the firm on the 25th February 2020 at a price of 2588.80p. This Director currently has 8,194 shares.

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).

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

 

Click to enlarge

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