Johnson Matthey (LON:JMAT) Stock Price Crosses Above 200 Day Moving Average of $1,623.91

Johnson Matthey PLC (LON:JMAT)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,623.91 ($20.22) and traded as high as GBX 1,782 ($22.18). Johnson Matthey shares last traded at GBX 1,767 ($22.00), with a volume of 291,103 shares changing hands.

Analysts Set New Price Targets

JMAT has been the subject of a number of research reports. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 2,100 ($26.14) price target on shares of Johnson Matthey in a research note on Wednesday, March 20th. Berenberg Bank lifted their price target on Johnson Matthey from GBX 1,650 ($20.54) to GBX 1,800 ($22.41) and gave the stock a “hold” rating in a research note on Monday, April 8th. Finally, Numis Securities reiterated a “buy” rating and issued a GBX 2,200 ($27.39) price target on shares of Johnson Matthey in a research note on Wednesday, March 20th. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,010 ($25.02).

Johnson Matthey Stock Down 0.9 %

The company has a debt-to-equity ratio of 63.95, a current ratio of 1.51 and a quick ratio of 0.76. The stock’s fifty day simple moving average is GBX 1,702.30 and its 200-day simple moving average is GBX 1,625.82. The stock has a market cap of £3.22 billion, a P/E ratio of 1,826.04, a PEG ratio of 49,242.50 and a beta of 0.98.

Insiders Place Their Bets

In other Johnson Matthey news, insider Stephen Oxley bought 24 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were purchased at an average price of GBX 1,597 ($19.88) per share, with a total value of £383.28 ($477.13). Insiders have acquired 66 shares of company stock valued at $114,288 over the last quarter. Insiders own 0.60% 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.