Johnson Matthey (LON:JMAT) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Shares of Johnson Matthey PLC (LON:JMAT) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2,105.43 and traded as high as GBX 2,130. Johnson Matthey shares last traded at GBX 2,130, with a volume of 51,273,496 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on JMAT. Berenberg Bank decreased their price objective on Johnson Matthey from GBX 2,250 to GBX 2,100 and set a “buy” rating for the company in a report on Monday, March 23rd. Deutsche Bank Aktiengesellschaft lifted their price objective on Johnson Matthey from GBX 1,922 to GBX 2,120 and gave the company a “buy” rating in a report on Tuesday, April 7th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 2,222.

Johnson Matthey Price Performance

The company has a debt-to-equity ratio of 71.01, a current ratio of 1.65 and a quick ratio of 0.76. The firm has a fifty day moving average of GBX 2,000.77 and a two-hundred day moving average of GBX 2,105.43. The stock has a market capitalization of £3.58 billion, a P/E ratio of -32.42, a P/E/G ratio of 49,242.50 and a beta of 0.91.

Insider Activity at Johnson Matthey

In related news, insider Andrew Cosslett bought 5,136 shares of the business’s stock in a transaction on Tuesday, February 24th. The shares were bought at an average price of GBX 1,937 per share, for a total transaction of £99,484.32. Also, insider Liam Condon bought 14 shares of the business’s stock in a transaction on Wednesday, March 11th. The stock was bought at an average price of GBX 1,941 per share, for a total transaction of £271.74. Insiders bought 10,434 shares of company stock worth $20,144,228 over the last three months. 0.51% of the stock is owned by corporate 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. 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.