Johnson Matthey PLC (NASDAQ:JMPLY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.
According to Zacks, “Johnson Matthey Plc is a speciality chemicals company focused on its core skills in catalysis, precious metals, fine chemicals and process technology. Its principal activities comprise manufacture of autocatalysts, heavy duty diesel catalysts and pollution control systems, catalysts and components for fuel cells, catalysts and technologies for chemical processes, fine chemicals, chemical catalysts and active pharmaceutical ingredients. The Company also engages in the marketing, refining, and fabrication of precious metals. Its environmental technologies include emission control technologies, process technologies and fuel cells. Its precious metals products include platinum, noble metals, catalysts, chemicals and refining and colour technologies. Its fine chemicals include macfarlan smith, pharmaceutical materials and services and research chemicals. Johnson Matthey Plc is headquartered in London, U.K. “
A number of other research firms have also weighed in on JMPLY. Berenberg Bank lowered Johnson Matthey PLC from a “buy” rating to a “hold” rating in a research note on Tuesday, August 2nd. Deutsche Bank AG reaffirmed a “buy” rating on shares of Johnson Matthey PLC in a research note on Wednesday, September 28th.
Johnson Matthey PLC (NASDAQ:JMPLY) opened at 88.26 on Wednesday. The firm has a 50-day moving average price of $86.25 and a 200 day moving average price of $83.22. Johnson Matthey PLC has a 1-year low of $63.22 and a 1-year high of $93.11. The stock has a market cap of $8.46 billion and a price-to-earnings ratio of 20.47.
Johnson Matthey PLC Company Profile
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