Johnson Matthey (LON:JMAT) Stock Crosses Above 200-Day Moving Average of $1,633.01

Johnson Matthey PLC (LON:JMAT)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,633.01 ($20.17) and traded as high as GBX 1,763 ($21.78). Johnson Matthey shares last traded at GBX 1,747 ($21.58), with a volume of 190,215 shares traded.

Analyst Upgrades and Downgrades

JMAT has been the subject of several recent analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 2,100 ($25.94) price objective on shares of Johnson Matthey in a research report on Wednesday, March 20th. Berenberg Bank boosted their price target on shares of Johnson Matthey from GBX 1,650 ($20.38) to GBX 1,800 ($22.23) and gave the stock a “hold” rating in a research note on Monday, April 8th. Finally, Numis Securities restated a “buy” rating and set a GBX 2,200 ($27.17) target price on shares of Johnson Matthey in a research report on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Johnson Matthey presently has an average rating of “Moderate Buy” and an average price target of GBX 2,010 ($24.83).

Johnson Matthey Stock Up 0.3 %

The company has a debt-to-equity ratio of 63.95, a current ratio of 1.51 and a quick ratio of 0.76. The firm has a market capitalization of £3.20 billion, a price-to-earnings ratio of 1,819.79, a price-to-earnings-growth ratio of 49,242.50 and a beta of 0.98. The firm’s 50-day moving average price is GBX 1,719 and its 200 day moving average price is GBX 1,633.01.

Insider Activity at Johnson Matthey

In related news, insider Stephen Oxley purchased 18 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were bought at an average price of GBX 1,864 ($23.02) per share, with a total value of £335.52 ($414.43). In other news, insider Liam Condon purchased 24 shares of the stock in a transaction that occurred on Wednesday, April 17th. The stock was acquired at an average cost of GBX 1,767 ($21.83) per share, with a total value of £424.08 ($523.81). Also, insider Stephen Oxley bought 18 shares of the company’s stock in a transaction dated Wednesday, March 20th. The stock was bought at an average cost of GBX 1,864 ($23.02) per share, with a total value of £335.52 ($414.43). Over the last 90 days, insiders have bought 66 shares of company stock valued at $114,288. Company insiders own 0.60% of the company’s stock.

Johnson Matthey Company Profile

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.