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Johnson Matthey ( (GB:JMAT) ) has shared an announcement.
Johnson Matthey Plc has announced a change in the voting rights held by Ameriprise Financial, Inc., which now holds 4.997% of the company’s voting rights, down from a previous 5.026%. This adjustment in holdings reflects a slight reduction in Ameriprise’s stake, potentially impacting its influence within the company and signaling a shift in shareholder dynamics.
The most recent analyst rating on (GB:JMAT) stock is a Hold with a £17.00 price target. To see the full list of analyst forecasts on Johnson Matthey stock, see the GB:JMAT Stock Forecast page.
Spark’s Take on GB:JMAT Stock
According to Spark, TipRanks’ AI Analyst, GB:JMAT is a Neutral.
Johnson Matthey’s overall stock score is driven by strong valuation and cash flow generation, tempered by challenges in revenue growth and mixed technical indicators. The company’s strategic initiatives and corporate actions provide a foundation for future improvements, although current market conditions present headwinds.
To see Spark’s full report on GB:JMAT stock, click here.
More about Johnson Matthey
Johnson Matthey Plc is a UK-based company listed on the London Stock Exchange, known for its focus on sustainable technologies. The company specializes in the production of catalysts, precious metals, and fine chemicals, serving various industries including automotive, pharmaceuticals, and chemicals.
Average Trading Volume: 930,883
Technical Sentiment Signal: Buy
Current Market Cap: £3.05B
Learn more about JMAT stock on TipRanks’ Stock Analysis page.