Johnson Matthey (LON:JMAT) Sets New 52-Week High – Time to Buy?

Johnson Matthey PLC (LON:JMAT)’s share price reached a new 52-week high on Wednesday . The stock traded as high as GBX 2,376 and last traded at GBX 2,371.15, with a volume of 13363 shares changing hands. The stock had previously closed at GBX 2,350.

Analyst Ratings Changes

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

Johnson Matthey Stock Up 0.0%

The company has a debt-to-equity ratio of 62.73, a current ratio of 1.45 and a quick ratio of 0.76. The stock has a market cap of £3.94 billion, a price-to-earnings ratio of -35.66, a price-to-earnings-growth ratio of 49,242.50 and a beta of 0.95. The firm’s 50-day moving average is GBX 2,112.76 and its 200 day moving average is GBX 1,995.33.

Johnson Matthey (LON:JMAT) last announced its quarterly earnings results on Thursday, November 20th. The company reported GBX 51.20 earnings per share for the quarter. Johnson Matthey had a net margin of 0.84% and a return on equity of 4.49%. Sell-side analysts anticipate that Johnson Matthey PLC will post 173.4112903 earnings per share for the current fiscal year.

Insider Transactions at Johnson Matthey

In other news, insider Liam Condon purchased 14 shares of the company’s stock in a transaction on Wednesday, December 10th. The stock was bought at an average cost of GBX 2,013 per share, for a total transaction of £281.82. Company 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. Today more than 13,000 Johnson Matthey professionals collaborate with their network of customers and partners to make a real difference to the world around us.