Johnson Matthey (LON:JMAT) Share Price Passes 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.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Berenberg Bank lifted their target price 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 report on Monday, April 8th. Jefferies Financial Group restated a “buy” rating and issued a GBX 2,100 ($25.94) price objective on shares of Johnson Matthey in a research report on Wednesday, March 20th. Finally, Numis Securities restated a “buy” rating and issued a GBX 2,200 ($27.17) price objective on shares of Johnson Matthey in a research report on Wednesday, March 20th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,010 ($24.83).

Johnson Matthey Price Performance

The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 63.95. The firm’s 50-day moving average is GBX 1,720.92 and its 200-day moving average is GBX 1,634.47. The company has a market cap of £3.20 billion, a PE ratio of 1,819.79, a PEG ratio of 49,242.50 and a beta of 0.98.

Insider Activity at Johnson Matthey

In related news, insider Stephen Oxley purchased 24 shares of Johnson Matthey stock in a transaction that occurred on Wednesday, February 21st. The shares were bought at an average price of GBX 1,597 ($19.73) per share, for a total transaction of £383.28 ($473.42). Insiders have purchased 66 shares of company stock worth $114,288 over the last 90 days. 0.60% of the stock is owned by company insiders.

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.