Johnson Matthey (LON:JMAT) Stock Passes Above 200 Day Moving Average of $1,646.75

Johnson Matthey PLC (LON:JMAT) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 1,646.75 ($20.69) and traded as high as GBX 1,827 ($22.95). Johnson Matthey shares last traded at GBX 1,804 ($22.66), with a volume of 167,357 shares.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Jefferies Financial Group restated a “buy” rating and issued a GBX 2,100 ($26.38) target price on shares of Johnson Matthey in a research note on Wednesday, March 20th. Numis Securities restated a “buy” rating and issued a GBX 2,200 ($27.64) target price on shares of Johnson Matthey in a research note on Wednesday, March 20th. Finally, Berenberg Bank upped their target price on Johnson Matthey from GBX 1,650 ($20.73) to GBX 1,800 ($22.61) and gave the stock a “hold” rating in a research note on Monday, April 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 2,010 ($25.25).

Johnson Matthey Trading Up 1.9 %

The company has a market capitalization of £3.37 billion, a PE ratio of 1,859.79, a PEG ratio of 49,242.50 and a beta of 0.98. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 63.95. The stock has a fifty day moving average of GBX 1,742.26 and a two-hundred day moving average of GBX 1,646.75.

Insider Activity at Johnson Matthey

In other news, insider Stephen Oxley acquired 18 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were bought at an average cost of GBX 1,864 ($23.42) per share, with a total value of £335.52 ($421.51). In related news, insider Liam Condon purchased 24 shares of Johnson Matthey stock in a transaction that occurred on Wednesday, April 17th. The shares were acquired at an average cost of GBX 1,767 ($22.20) per share, for a total transaction of £424.08 ($532.76). Also, insider Stephen Oxley purchased 18 shares of Johnson Matthey stock in a transaction that occurred on Wednesday, March 20th. The shares were bought at an average price of GBX 1,864 ($23.42) per share, for a total transaction of £335.52 ($421.51). In the last three months, insiders have bought 66 shares of company stock valued at $114,288. Corporate insiders own 0.57% 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.