Johnson Matthey (LON:JMAT) Reaches New 12-Month High - Here's Why

Key Points

• Johnson Matthey PLC's stock reached a new 52-week high of GBX 1,988 ($26.65), with a notable trading volume of 21,885 shares.
• Berenberg Bank has raised its price target on the stock from GBX 1,800 to GBX 1,950 and maintains a "hold" rating, while the stock currently holds an average rating of "Moderate Buy."
• Insider Andrew Cosslett purchased 10,495 shares at an average cost of GBX 1,896 each, indicating confidence in the company's future performance.

Johnson Matthey PLC (LON:JMAT - Get Free Report)'s stock price reached a new 52-week high during trading on Monday . The company traded as high as GBX 1,988 ($26.65) and last traded at GBX 1,988 ($26.65), with a volume of 21885 shares. The stock had previously closed at GBX 1,979 ($26.53).

Analyst Ratings Changes

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

Johnson Matthey Trading Up 0.6%

The company has a debt-to-equity ratio of 62.73, a quick ratio of 0.76 and a current ratio of 1.45. The stock has a market capitalization of £3.33 billion, a P/E ratio of 942.23, a price-to-earnings-growth ratio of 49,242.50 and a beta of 0.95. The firm's fifty day simple moving average is GBX 1,868.44 and its 200 day simple moving average is GBX 1,633.83.

Insider Buying and Selling

In related news, insider Andrew Cosslett purchased 10,495 shares of the firm's stock in a transaction that occurred on Tuesday, August 26th. The shares were bought at an average cost of GBX 1,896 per share, with a total value of £198,985.20. 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.

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