Johnson Matthey PLC (LON:JMAT – Get Rating)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 2,052.63 ($24.12) and traded as high as GBX 2,199 ($25.84). Johnson Matthey shares last traded at GBX 2,153 ($25.30), with a volume of 384,582 shares traded.
Analyst Upgrades and Downgrades
JMAT has been the topic of a number of analyst reports. Berenberg Bank lowered their price target on Johnson Matthey from GBX 2,550 ($29.96) to GBX 2,200 ($25.85) and set a “buy” rating on the stock in a research report on Tuesday, September 27th. Barclays restated an “equal weight” rating and issued a GBX 1,900 ($22.33) price target on shares of Johnson Matthey in a research report on Wednesday, September 21st. Citigroup reaffirmed a “neutral” rating and set a GBX 2,200 ($25.85) price objective on shares of Johnson Matthey in a report on Friday, August 12th. Finally, JPMorgan Chase & Co. reduced their target price on Johnson Matthey from GBX 2,600 ($30.55) to GBX 2,150 ($25.26) and set a “neutral” rating on the stock in a report on Tuesday, October 11th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Johnson Matthey currently has a consensus rating of “Hold” and an average price target of GBX 2,184.29 ($25.67).
Johnson Matthey Trading Down 1.6 %
The company has a quick ratio of 0.68, a current ratio of 1.33 and a debt-to-equity ratio of 51.33. The business’s fifty day moving average is GBX 1,936.97 and its two-hundred day moving average is GBX 2,052.63. The firm has a market cap of £3.95 billion and a price-to-earnings ratio of 3,529.51.
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.
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