Johnson Matthey (LON:JMAT) Stock Price Crosses Above 200 Day Moving Average of $2,052.63

Johnson Matthey PLC (LON:JMATGet 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.

Insider Activity

In other Johnson Matthey news, insider Stephen Oxley purchased 15 shares of the stock in a transaction dated Wednesday, August 17th. The stock was bought at an average price of GBX 2,219 ($26.08) per share, for a total transaction of £332.85 ($391.13). In related news, insider Stephen Oxley acquired 15 shares of the firm’s stock in a transaction that occurred on Wednesday, August 17th. The stock was acquired at an average cost of GBX 2,219 ($26.08) per share, with a total value of £332.85 ($391.13). Also, insider Chris Mottershead bought 166 shares of Johnson Matthey stock in a transaction on Thursday, September 29th. The shares were bought at an average price of GBX 1,789 ($21.02) per share, for a total transaction of £2,969.74 ($3,489.71). Insiders have bought 223 shares of company stock valued at $410,332 over the last 90 days.

About Johnson Matthey

(Get Rating)

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.

Further Reading

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