Insider Buying: Johnson Matthey (LON:JMAT) Insider Buys £291.96 in Stock

Johnson Matthey PLC (LON:JMAT) insider Richard Pike purchased 12 shares of the business’s stock in a transaction that occurred on Wednesday, November 11th. The stock was bought at an average cost 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 acquired 17,635 shares of Johnson Matthey stock. The shares were bought at an average price of GBX 2,248 per share, with a total value of £396,434.80.

Johnson Matthey Stock Performance

JMAT opened at GBX 2,391.92 on Friday. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 69.69. The company has a market cap of £2.97 billion, a price-to-earnings ratio of -31.36, a PEG ratio of 49,242.50 and a beta of 0.88. Johnson Matthey PLC has a 52-week low of GBX 2,192 and a 52-week high of GBX 3,245.33. The firm’s fifty day simple moving average is GBX 2,391.67 and its two-hundred day simple moving average is GBX 2,156.50.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on JMAT. Berenberg Bank raised their price target on shares of Johnson Matthey from GBX 2,300 to GBX 2,550 and gave the company a “buy” rating in a research note on Wednesday, October 28th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 2,770 price objective on shares of Johnson Matthey in a report on Thursday. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 2,458.

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.