Johnson Matthey (OTCMKTS:JMPLY) Shares Up 6.2% – Time to Buy?

Johnson Matthey PLC (OTCMKTS:JMPLY) shot up 6.2% during mid-day trading on Friday . The company traded as high as $55.02 and last traded at $54.79. 732 shares changed hands during trading, a decline of 15% from the average session volume of 858 shares. The stock had previously closed at $51.59.

Analysts Set New Price Targets

A number of brokerages have issued reports on JMPLY. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Johnson Matthey in a report on Wednesday, January 21st. Berenberg Bank raised Johnson Matthey from a “hold” rating to a “strong-buy” rating in a report on Monday, January 5th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Johnson Matthey presently has a consensus rating of “Moderate Buy”.

Johnson Matthey Price Performance

The stock has a fifty day moving average of $55.01 and a 200-day moving average of $56.42. The company has a quick ratio of 1.28, a current ratio of 1.65 and a debt-to-equity ratio of 0.63.

About Johnson Matthey

Johnson Matthey plc is a UK-based specialty chemicals and sustainable technologies company with a history dating back to 1817. As a public limited company headquartered in London, it has built a global reputation for expertise in platinum group metals (PGMs) and advanced catalytic materials. The company has evolved from its origins in precious metals refining into diversified segments focused on environmental and energy solutions.

The company’s principal business activities encompass the development and manufacture of emission control catalysts for the automotive and industrial sectors, alongside process technologies for chemical production and refining.