Johnson Matthey (LON:JMAT) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Johnson Matthey PLC (LON:JMAT) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,069 and traded as high as GBX 2,382. Johnson Matthey shares last traded at GBX 2,336.96, with a volume of 333,971 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on JMAT shares. Berenberg Bank decreased their target price on Johnson Matthey from GBX 2,100 to GBX 2,050 and set a “hold” rating for the company in a research note on Tuesday, November 25th. Citigroup boosted their price objective on Johnson Matthey from GBX 1,800 to GBX 2,100 and gave the company a “neutral” rating in a research report on Tuesday, October 21st. Deutsche Bank Aktiengesellschaft increased their target price on Johnson Matthey from GBX 2,300 to GBX 2,400 and gave the stock a “buy” rating in a research report on Wednesday, January 21st. Finally, Panmure Gordon reissued a “buy” rating and set a GBX 2,370 price target on shares of Johnson Matthey in a report on Monday, November 24th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 2,268.

Johnson Matthey Price Performance

The company has a debt-to-equity ratio of 62.73, a quick ratio of 0.76 and a current ratio of 1.45. The firm has a market capitalization of £3.92 billion, a P/E ratio of -35.54, a price-to-earnings-growth ratio of 49,242.50 and a beta of 0.95. The business has a fifty day moving average of GBX 2,235.95 and a 200-day moving average of GBX 2,069.

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

Insider Activity

In related news, insider Alastair Judge bought 12 shares of the firm’s stock in a transaction that occurred on Tuesday, January 13th. The stock was purchased at an average price of GBX 2,321 per share, for a total transaction of £278.52. Also, insider Liam Condon bought 14 shares of the stock in a transaction on Wednesday, December 10th. The shares were bought at an average cost of GBX 2,013 per share, for a total transaction of £281.82. Insiders purchased 36 shares of company stock valued at $79,244 in the last ninety days. Corporate 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.