Johnson Matthey (LON:JMAT) Share Price Passes Above 200 Day Moving Average – Here’s What Happened
by Doug Wharley · The Cerbat GemJohnson Matthey PLC (LON:JMAT – Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,947.92 and traded as high as GBX 2,178. Johnson Matthey shares last traded at GBX 2,170, with a volume of 66,547 shares.
Wall Street Analysts Forecast Growth
JMAT has been the topic of several analyst reports. Berenberg Bank decreased their price target on Johnson Matthey from GBX 2,100 to GBX 2,050 and set a “hold” rating on the stock in a research report on Tuesday, November 25th. Citigroup upped their target price on shares of Johnson Matthey from GBX 1,800 to GBX 2,100 and gave the stock a “neutral” rating in a report on Tuesday, October 21st. Jefferies Financial Group increased their target price on shares of Johnson Matthey from GBX 2,200 to GBX 2,420 and gave the stock a “buy” rating in a research note on Tuesday, October 14th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Johnson Matthey from GBX 2,100 to GBX 2,300 and gave the company a “buy” rating in a research report on Thursday, October 9th. Finally, Panmure Gordon reaffirmed a “buy” rating and issued a GBX 2,370 price target on shares of Johnson Matthey in a report on Monday, November 24th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,248.
View Our Latest Report on Johnson Matthey
Johnson Matthey Price Performance
The firm has a market capitalization of £3.64 billion, a PE ratio of -32.93, a P/E/G ratio of 49,242.50 and a beta of 0.95. The company has a debt-to-equity ratio of 62.73, a current ratio of 1.45 and a quick ratio of 0.76. The business’s 50 day moving average is GBX 2,087.88 and its two-hundred day moving average is GBX 1,949.33.
Johnson Matthey (LON:JMAT – Get Free Report) last released its quarterly earnings results on Thursday, November 20th. The company reported GBX 51.20 EPS for the quarter. Johnson Matthey had a net margin of 0.84% and a return on equity of 4.49%. As a group, research analysts anticipate that Johnson Matthey PLC will post 173.4112903 EPS for the current year.
Insider Transactions at Johnson Matthey
In other news, insider Liam Condon bought 14 shares of Johnson Matthey stock in a transaction that occurred on Wednesday, December 10th. The shares were acquired at an average price of GBX 2,013 per share, with a total value of £281.82. Insiders have acquired 36 shares of company stock valued at $74,780 in the last ninety days. 0.50% of the stock is currently owned by 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.