Johnson Matthey (LON:JMAT) Reaches New 1-Year High - Should You Buy?

Key Points

• Johnson Matthey PLC's share price achieved a new **52-week high**, trading at GBX 2,112 ($28.31), reflecting strong market performance with over 9.8 million shares traded.
• Berenberg Bank increased its price target for Johnson Matthey from GBX 1,800 to **GBX 1,950**, maintaining a "hold" rating, while analysts currently have an average rating of **"Moderate Buy."**
• Insider **Andrew Cosslett** purchased 10,495 shares at an average price of GBX 1,896, totaling £198,985.20, indicating insider confidence in the company's prospects.

Johnson Matthey PLC (LON:JMAT - Get Free Report)'s share price hit a new 52-week high on Thursday . The company traded as high as GBX 2,112 ($28.31) and last traded at GBX 2,076 ($27.82), with a volume of 9885311 shares traded. The stock had previously closed at GBX 2,046 ($27.42).

Analyst Upgrades and Downgrades

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

Johnson Matthey Stock Performance

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 company's 50-day moving average price is GBX 1,899.71 and its two-hundred day moving average price is GBX 1,664.21. The company has a market capitalization of £3.46 billion, a price-to-earnings ratio of 979.17, a PEG ratio of 49,242.50 and a beta of 0.95.

Insider Buying and Selling at Johnson Matthey

In other news, insider Andrew Cosslett acquired 10,495 shares of the firm's stock in a transaction dated Tuesday, August 26th. The stock was bought at an average cost of GBX 1,896 per share, for a total transaction of £198,985.20. 0.50% of the stock is currently owned by company 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.

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