Insider Buying: Johnson Matthey (LON:JMAT) Insider Acquires 12 Shares of Stock

Key Points

• Insider Alastair Judge purchased 12 shares of Johnson Matthey on March 11 at GBX 1,941 per share (total £232.92) and has made small additional purchases in January and February, signaling incremental insider buying.
• Shares traded down 0.8% to GBX 1,935.50 with a market cap of £3.24 billion and a negative P/E, while analysts hold a consensus “Moderate Buy” rating and a consensus price target of GBX 2,268 (Deutsche Bank raised its target to GBX 2,400).

Johnson Matthey PLC (LON:JMAT - Get Free Report) insider Alastair Judge bought 12 shares of the stock in a transaction dated Wednesday, March 11th. The stock was purchased at an average cost of GBX 1,941 per share, with a total value of £232.92.

Alastair Judge also recently made the following trade(s):

• On Wednesday, February 11th, Alastair Judge purchased 10 shares of Johnson Matthey stock. The shares were purchased at an average cost of GBX 2,342 per share, for a total transaction of £234.20.
• On Tuesday, January 13th, Alastair Judge purchased 12 shares of Johnson Matthey stock. The stock was purchased at an average price of GBX 2,321 per share, for a total transaction of £278.52.

Johnson Matthey Trading Down 0.8%

LON:JMAT traded down GBX 16.50 on Thursday, hitting GBX 1,935.50. 125,237 shares of the stock were exchanged, compared to its average volume of 2,350,122. The company has a debt-to-equity ratio of 71.01, a quick ratio of 0.76 and a current ratio of 1.65. Johnson Matthey PLC has a 52 week low of GBX 1,131 and a 52 week high of GBX 2,434. The stock has a market capitalization of £3.24 billion, a price-to-earnings ratio of -29.37, a P/E/G ratio of 49,242.50 and a beta of 0.96. The company's 50-day moving average price is GBX 2,230.36 and its 200 day moving average price is GBX 2,108.04.

Analysts Set New Price Targets

Several equities analysts recently weighed in on JMAT shares. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Johnson Matthey from GBX 2,300 to GBX 2,400 and gave the company a "buy" rating in a report on Wednesday, January 21st. Panmure Gordon reiterated a "buy" rating and set a GBX 2,370 target price on shares of Johnson Matthey in a research report on Monday, November 24th. Finally, Berenberg Bank cut 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 note on Tuesday, November 25th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 2,268.

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.

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