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

Johnson Matthey PLC (LON:JMAT) shares passed 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 traded.

Wall Street Analysts Forecast Growth

JMAT has been the topic of several recent research reports. Numis Securities reaffirmed a “buy” rating and issued a GBX 2,200 ($27.39) price objective on shares of Johnson Matthey in a research note on Wednesday, March 20th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 2,100 ($26.14) target price on shares of Johnson Matthey in a research report on Wednesday, March 20th. Finally, Berenberg Bank lifted their target price on shares of Johnson Matthey from GBX 1,650 ($20.54) to GBX 1,800 ($22.41) and gave the stock a “hold” rating in a research report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 2,010 ($25.02).

Johnson Matthey Trading Down 1.7 %

The stock has a market cap of £3.24 billion, a price-to-earnings ratio of 1,840.63, a price-to-earnings-growth ratio of 49,242.50 and a beta of 0.98. The company has a debt-to-equity ratio of 63.95, a quick ratio of 0.76 and a current ratio of 1.51. The company’s 50 day simple moving average is GBX 1,695.54 and its two-hundred day simple moving average is GBX 1,623.91.

Insider Buying and Selling at Johnson Matthey

In related news, insider Stephen Oxley acquired 18 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were purchased at an average price of GBX 1,864 ($23.20) per share, for a total transaction of £335.52 ($417.68). Company insiders own 0.60% of the company’s stock.

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.