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

Johnson Matthey PLC (LON:JMAT) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,929.18 and traded as high as GBX 2,140. Johnson Matthey shares last traded at GBX 2,140, with a volume of 615,681 shares.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on JMAT. Citigroup upped their target price on shares of Johnson Matthey from GBX 1,800 to GBX 2,100 and gave the company a “neutral” rating in a research note on Tuesday, October 21st. Berenberg Bank cut their price objective on Johnson Matthey from GBX 2,100 to GBX 2,050 and set a “hold” rating on the stock in a research note on Tuesday, November 25th. Deutsche Bank Aktiengesellschaft lifted their target price on Johnson Matthey from GBX 2,100 to GBX 2,300 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Jefferies Financial Group boosted their price target on Johnson Matthey from GBX 2,200 to GBX 2,420 and gave the company a “buy” rating in a report on Tuesday, October 14th. Finally, Panmure Gordon restated a “buy” rating and set a GBX 2,370 price objective on shares of Johnson Matthey in a research note on Monday, November 24th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 2,248.

Johnson Matthey Stock Down 0.1%

The firm has a market cap of £3.58 billion, a price-to-earnings ratio of -32.44, a price-to-earnings-growth ratio of 49,242.50 and a beta of 0.95. The stock has a 50-day moving average of GBX 2,082.38 and a 200-day moving average of GBX 1,929.18. The company has a current ratio of 1.45, a quick ratio of 0.76 and a debt-to-equity ratio of 62.73.

Johnson Matthey (LON:JMAT) last posted its 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%. As a group, sell-side analysts forecast that Johnson Matthey PLC will post 173.4112903 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Liam Condon bought 14 shares of the firm’s stock in a transaction on Wednesday, December 10th. The stock was purchased at an average price of GBX 2,013 per share, for a total transaction of £281.82. In the last ninety days, insiders have bought 36 shares of company stock valued at $74,780. 0.50% of the stock is currently owned by corporate 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.