Johnson Matthey (LON:JMAT) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Shares of Johnson Matthey PLC (LON:JMAT) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,929.18 and traded as high as GBX 2,140. Johnson Matthey shares last traded at GBX 2,140, with a volume of 615,681 shares.

Analyst Ratings Changes

A number of brokerages recently weighed in on JMAT. Deutsche Bank Aktiengesellschaft lifted their target price on Johnson Matthey from GBX 2,100 to GBX 2,300 and gave the company a “buy” rating in a report on Thursday, October 9th. Berenberg Bank dropped their target price on shares of Johnson Matthey from GBX 2,100 to GBX 2,050 and set a “hold” rating for the company in a research report on Tuesday, November 25th. Panmure Gordon restated a “buy” rating and issued a GBX 2,370 price target on shares of Johnson Matthey in a report on Monday, November 24th. Citigroup boosted their price objective on shares of Johnson Matthey from GBX 1,800 to GBX 2,100 and gave the stock a “neutral” rating in a research note on Tuesday, October 21st. Finally, Jefferies Financial Group increased their price objective on shares of Johnson Matthey from GBX 2,200 to GBX 2,420 and gave the stock a “buy” rating in a research report on Tuesday, October 14th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 2,248.

Johnson Matthey Trading Down 0.1%

The firm has a fifty day moving average of GBX 2,082.38 and a 200 day moving average of GBX 1,929.18. The firm has a market capitalization of £3.58 billion, a PE ratio of -32.44, a P/E/G ratio of 49,242.50 and a beta of 0.95. The company has a debt-to-equity ratio of 62.73, a quick ratio of 0.76 and a current ratio of 1.45.

Johnson Matthey (LON:JMAT) last posted its quarterly earnings data on Thursday, November 20th. The company reported GBX 51.20 earnings per share (EPS) for the quarter. Johnson Matthey had a net margin of 0.84% and a return on equity of 4.49%. Equities research analysts expect that Johnson Matthey PLC will post 173.4112903 EPS for the current year.

Insider Buying and Selling

In other Johnson Matthey news, insider Liam Condon bought 14 shares of the stock in a transaction dated Wednesday, December 10th. The stock was bought at an average cost of GBX 2,013 per share, for a total transaction of £281.82. In the last quarter, insiders have acquired 36 shares of company stock valued at $74,780. Insiders own 0.50% 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.