Johnson Matthey (LON:JMAT) Share Price Passes Above Two Hundred Day Moving Average of $1,623.91

Johnson Matthey PLC (LON:JMAT) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,623.91 ($20.22) and traded as high as GBX 1,782 ($22.18). Johnson Matthey shares last traded at GBX 1,767 ($22.00), with a volume of 291,103 shares.

Analyst Ratings Changes

A number of equities analysts have weighed in on JMAT shares. Berenberg Bank upped their target price on Johnson Matthey from GBX 1,650 ($20.54) to GBX 1,800 ($22.41) and gave the stock a “hold” rating in a research note on Monday, April 8th. Jefferies Financial Group restated a “buy” rating and issued a GBX 2,100 ($26.14) target price on shares of Johnson Matthey in a research note on Wednesday, March 20th. Finally, Numis Securities restated a “buy” rating and issued a GBX 2,200 ($27.39) target price on shares of Johnson Matthey in a research note on Wednesday, March 20th. One analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,010 ($25.02).

Johnson Matthey Trading Down 1.7 %

The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 63.95. The firm has a fifty day simple moving average of GBX 1,695.54 and a two-hundred day simple moving average of GBX 1,623.91. The firm has a market cap of £3.24 billion, a PE ratio of 1,840.63, a PEG ratio of 49,242.50 and a beta of 0.98.

Insider Activity

In other news, insider Stephen Oxley bought 18 shares of the stock in a transaction dated Wednesday, March 20th. The stock was bought at an average price of GBX 1,864 ($23.20) per share, for a total transaction of £335.52 ($417.68). 0.60% of the stock is currently owned by company insiders.

About Johnson Matthey

Johnson Matthey is a global leader in science that enables a cleaner and healthier world. With over 200 years of sustained commitment to innovation and technological breakthroughs, they improve the function, performance and safety of their customers’ products. Their science has a global impact in areas such as low emission transport, pharmaceuticals, chemical processing and making the most efficient use of the planet’s natural resources.