Johnson Matthey (LON:JMAT) Stock Crosses Above 200-Day Moving Average – What’s Next?

Shares of 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 1,658.99 ($22.36) and traded as high as GBX 2,038 ($27.47). Johnson Matthey shares last traded at GBX 2,034.16 ($27.42), with a volume of 210,705 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 stock a “hold” rating in a report on Monday, July 21st. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,875.

Johnson Matthey Stock Down 0.2%

The company has a quick ratio of 0.76, a current ratio of 1.45 and a debt-to-equity ratio of 62.73. The company has a market capitalization of £3.40 billion, a price-to-earnings ratio of 960.84, a P/E/G ratio of 49,242.50 and a beta of 0.95. The business’s 50-day moving average is GBX 1,889.33 and its 200-day moving average is GBX 1,658.99.

Insider Activity

In related news, insider Andrew Cosslett bought 10,495 shares of the stock in a transaction dated Tuesday, August 26th. The shares were purchased at an average price of GBX 1,896 per share, for a total transaction of £198,985.20. 0.50% of the stock is currently owned by company insiders.

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.