Johnson Matthey (LON:JMAT) Reaches New 12-Month High on Analyst Upgrade

Key Points

• Johnson Matthey PLC shares hit a new 52-week high after Jefferies Financial Group raised its price target from GBX 2,200 to GBX 2,420, maintaining a buy rating.
• Other analysts, including Berenberg Bank and Deutsche Bank, have also increased their target prices, reflecting a consensus rating of "Moderate Buy" with an average target of GBX 2,273.33.
• Insider Andrew Cosslett purchased over 10,000 shares recently, and company insiders have bought a total of approximately $19.9 million in stock over the last 90 days.

Shares of Johnson Matthey PLC (LON:JMAT - Get Free Report) hit a new 52-week high on Wednesday after Jefferies Financial Group raised their price target on the stock from GBX 2,200 to GBX 2,420. Jefferies Financial Group currently has a buy rating on the stock. Johnson Matthey traded as high as GBX 2,118 ($28.21) and last traded at GBX 2,116 ($28.19), with a volume of 40850844 shares changing hands. The stock had previously closed at GBX 2,098 ($27.95).

A number of other research analysts have also recently commented on the stock. Berenberg Bank boosted their target price on shares of Johnson Matthey from GBX 1,950 to GBX 2,100 and gave the stock a "hold" rating in a research report on Thursday, October 9th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of 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. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of GBX 2,273.33.

Insider Transactions at Johnson Matthey

In other Johnson Matthey news, insider Andrew Cosslett bought 10,495 shares of the stock in a transaction on Tuesday, August 26th. The stock was purchased at an average price of GBX 1,896 per share, for a total transaction of £198,985.20. Insiders have acquired 10,521 shares of company stock valued at $19,948,290 over the last 90 days. Corporate insiders own 0.50% of the company's stock.

Johnson Matthey Stock Up 0.9%

The firm's 50-day moving average price is GBX 1,927.30 and its 200 day moving average price is GBX 1,686.16. The firm has a market cap of £3.55 billion, a P/E ratio of 1,001.89, a price-to-earnings-growth ratio of 49,242.50 and a beta of 0.95. The company has a quick ratio of 0.76, a current ratio of 1.45 and a debt-to-equity ratio of 62.73.

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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