Johnson Matthey (LON:JMAT) Sets New 12-Month High – Should You Buy?

Johnson Matthey PLC (LON:JMAT) shares hit a new 52-week high during trading on Friday . The company traded as high as GBX 1,905.54 ($25.77) and last traded at GBX 1,905.54 ($25.77), with a volume of 157557 shares traded. The stock had previously closed at GBX 1,893 ($25.61).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank lifted their price target on Johnson Matthey from GBX 1,800 to GBX 1,950 and gave the stock a “hold” rating in a research report on Monday, July 21st. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 1,875.

Johnson Matthey Trading Up 0.8%

The stock has a 50-day simple moving average of GBX 1,802.05 and a 200 day simple moving average of GBX 1,550.41. The company has a current ratio of 1.45, a quick ratio of 0.76 and a debt-to-equity ratio of 62.73. The company has a market cap of £3.19 billion, a price-to-earnings ratio of 32.42, a PEG ratio of 49,242.50 and a beta of 0.95.

Johnson Matthey (LON:JMAT) last issued its quarterly earnings results on Thursday, May 22nd. The company reported GBX 149.20 EPS for the quarter. Johnson Matthey had a return on equity of 4.49% and a net margin of 0.84%. As a group, equities research analysts predict that Johnson Matthey PLC will post 173.4112903 EPS for the current fiscal year.

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.