Insider Buying: Johnson Matthey (LON:JMAT) Insider Buys 12 Shares of Company Stock

Johnson Matthey PLC (LON:JMAT) insider Richard Pike acquired 12 shares of Johnson Matthey stock in a transaction dated Wednesday, November 11th. The shares were purchased at an average price of GBX 2,433 per share, with a total value of £291.96.

Richard Pike also recently made the following trade(s):

• On Friday, September 11th, Richard Pike bought 17,635 shares of Johnson Matthey stock. The shares were purchased at an average price of GBX 2,248 per share, for a total transaction of £396,434.80.

Johnson Matthey Stock Performance

Shares of LON JMAT traded up GBX 28 during trading hours on Wednesday, reaching GBX 2,428. 275,418 shares of the stock were exchanged, compared to its average volume of 1,903,049. The firm has a market capitalization of £3.01 billion, a price-to-earnings ratio of -31.84, a P/E/G ratio of 49,242.50 and a beta of 0.88. The stock’s fifty day simple moving average is GBX 2,382.13 and its 200 day simple moving average is GBX 2,155.77. The company has a debt-to-equity ratio of 69.69, a quick ratio of 0.76 and a current ratio of 1.56. Johnson Matthey PLC has a 52 week low of GBX 2,192 and a 52 week high of GBX 3,245.33.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Berenberg Bank upped their price objective on Johnson Matthey from GBX 2,300 to GBX 2,550 and gave the company a “buy” rating in a report on Wednesday, October 28th. Jefferies Financial Group reissued a “buy” rating and set a GBX 2,330 target price on shares of Johnson Matthey in a report on Tuesday, August 4th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,370.

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.