Johnson Matthey (LON:JMAT) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened
by Amy Steele · The Cerbat GemJohnson Matthey PLC (LON:JMAT – Get Free Report)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 2,107.70 and traded as high as GBX 2,120. Johnson Matthey shares last traded at GBX 2,094.32, with a volume of 38,347,059 shares trading hands.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Johnson Matthey from GBX 1,922 to GBX 2,120 and gave the company a “buy” rating in a research note on Tuesday, April 7th. Berenberg Bank reduced their price target on shares of Johnson Matthey from GBX 2,250 to GBX 2,100 and set a “buy” rating on the stock in a research note on Monday, March 23rd. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 2,222.
View Our Latest Stock Analysis on Johnson Matthey
Johnson Matthey Stock Performance
The company has a market capitalization of £3.51 billion, a price-to-earnings ratio of -31.78, a price-to-earnings-growth ratio of 49,242.50 and a beta of 0.90. The company has a current ratio of 1.65, a quick ratio of 0.76 and a debt-to-equity ratio of 71.01. The stock’s fifty day simple moving average is GBX 1,967.03 and its 200-day simple moving average is GBX 2,107.70.
Insiders Place Their Bets
In other Johnson Matthey news, insider Alastair Judge bought 14 shares of Johnson Matthey stock in a transaction on Wednesday, April 15th. The shares were bought at an average cost of GBX 2,022 per share, for a total transaction of £283.08. Also, insider Liam Condon bought 14 shares of Johnson Matthey stock in a transaction on Wednesday, March 11th. The shares were acquired at an average price of GBX 1,941 per share, for a total transaction of £271.74. Insiders have acquired a total of 10,434 shares of company stock worth $20,147,908 in the last ninety days. 0.51% of the stock is owned by corporate insiders.
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.