Johnson Matthey (LON:JMAT) Hits New 52-Week High - Still a Buy?

Key Points

• Johnson Matthey PLC shares reached a new 52-week high of GBX 1,950 ($26.39) during trading, showcasing strong market activity with a volume of 705,148 shares exchanged.
• Berenberg Bank raised its target price for Johnson Matthey from GBX 1,800 to GBX 1,950, maintaining a "hold" rating, while the consensus price target stands at GBX 1,875.
• Insider Andrew Cosslett purchased 10,495 shares at an average price of GBX 1,896, indicating insider confidence as total insider purchases this quarter amount to £198,985.20.

Shares of Johnson Matthey PLC (LON:JMAT - Get Free Report) reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 1,950 ($26.53) and last traded at GBX 1,913 ($26.02), with a volume of 705148 shares. The stock had previously closed at GBX 1,920 ($26.12).

Wall Street Analyst Weigh In

Separately, Berenberg Bank boosted their price objective on shares of Johnson Matthey from GBX 1,800 to GBX 1,950 and gave the stock a "hold" rating in a research note on Monday, July 21st. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of GBX 1,875.

Johnson Matthey Trading Down 0.6%

The business's fifty day simple moving average is GBX 1,855.51 and its 200 day simple moving average is GBX 1,603.24. The company has a current ratio of 1.45, a quick ratio of 0.76 and a debt-to-equity ratio of 62.73. The stock has a market cap of £3.19 billion, a P/E ratio of 901.04, a price-to-earnings-growth ratio of 49,242.50 and a beta of 0.95.

Insider Buying and Selling at Johnson Matthey

In other Johnson Matthey news, insider Andrew Cosslett bought 10,495 shares of the stock in a transaction that occurred on Tuesday, August 26th. The stock was acquired at an average cost of GBX 1,896 per share, with a total value of £198,985.20. In the last 90 days, insiders have purchased 10,523 shares of company stock valued at $19,947,408. Company insiders own 0.50% of the company's stock.

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.