Johnson Matthey (OTCMKTS:JMPLY) Stock Rating Cut to Hold at Berenberg Bank

Johnson Matthey (OTCMKTS:JMPLY) was downgraded by investment analysts at Berenberg Bank from a “strong-buy” rating to a “hold” rating in a note issued to investors on Wednesday, Zacks reports.

Other equities analysts have also issued research reports about the stock. Citigroup upgraded shares of Johnson Matthey to a “strong-buy” rating in a report on Friday, October 16th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Johnson Matthey in a research report on Monday, September 21st. Zacks Research cut Johnson Matthey from a “hold” rating to a “strong sell” rating in a report on Thursday, October 15th. Finally, Jefferies Financial Group raised Johnson Matthey to a “strong-buy” rating in a research report on Tuesday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Johnson Matthey Stock Performance

Shares of JMPLY stock opened at $65.72 on Wednesday. Johnson Matthey has a one year low of $56.22 and a one year high of $87.60. The company has a quick ratio of 1.21, a current ratio of 1.56 and a debt-to-equity ratio of 0.66. The company has a 50 day moving average price of $63.36 and a 200 day moving average price of $57.88.

About Johnson Matthey

Johnson Matthey plc is a global specialty chemicals and sustainable technologies company. It develops and manufactures catalysts, advanced materials and process technologies that help customers improve resource efficiency, reduce emissions and support the transition to lower-carbon energy systems.

The company’s activities include emissions-control catalysts for vehicles and industrial applications, platinum-group metal refining and recycling, and catalyst technologies used in chemical and energy production.