Johnson Matthey (LON:JMAT) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Johnson Matthey PLC (LON:JMAT)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,610.60 ($21.83) and traded as high as GBX 1,921 ($26.04). Johnson Matthey shares last traded at GBX 1,910 ($25.89), with a volume of 264,259 shares trading hands.

Analyst Ratings Changes

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

Johnson Matthey Price Performance

The company has a market capitalization of £3.20 billion, a PE ratio of 904.36, a P/E/G ratio of 49,242.50 and a beta of 0.95. 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 stock has a fifty day simple moving average of GBX 1,858.52 and a 200-day simple moving average of GBX 1,610.60.

Insider Buying and Selling at Johnson Matthey

In other news, insider Andrew Cosslett bought 10,495 shares of Johnson Matthey stock in a transaction dated Tuesday, August 26th. The stock was acquired at an average cost of GBX 1,896 per share, with a total value of £198,985.20. Insiders own 0.50% 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.