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Johnson Matthey (LON:JMAT) Hits New 52-Week High - Time to Buy?

Johnson Matthey logo with Basic Materials background

Key Points

  • Johnson Matthey PLC reached a new 52-week high of GBX 1,927 ($26.01) in mid-day trading on Thursday, closing slightly lower at GBX 1,910.87 ($25.79) with significant trading volume of 628,949 shares.
  • Berenberg Bank raised its target price for Johnson Matthey shares from GBX 1,800 to GBX 1,950, currently holding a "Moderate Buy" rating with a consensus target of GBX 1,875.
  • Insider Andrew Cosslett purchased 10,495 shares at an average price of GBX 1,896, indicating ongoing insider confidence in the company, which has a market capitalization of £3.21 billion.
  • Five stocks we like better than Johnson Matthey.

Shares of Johnson Matthey PLC (LON:JMAT - Get Free Report) hit a new 52-week high during trading on Thursday . The company traded as high as GBX 1,927 ($26.10) and last traded at GBX 1,910.87 ($25.89), with a volume of 628949 shares traded. The stock had previously closed at GBX 1,898 ($25.71).

Wall Street Analyst Weigh In

Separately, Berenberg Bank boosted their target price 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 given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of GBX 1,875.

Get Our Latest Stock Analysis on JMAT

Johnson Matthey Stock Down 1.3%

The company has a quick ratio of 0.76, a current ratio of 1.45 and a debt-to-equity ratio of 62.73. The firm has a market cap of £3.18 billion, a price-to-earnings ratio of 898.20, a price-to-earnings-growth ratio of 49,242.50 and a beta of 0.95. The stock's 50 day moving average is GBX 1,826.51 and its 200 day moving average is GBX 1,570.52.

Insider Activity at Johnson Matthey

In related news, insider Andrew Cosslett acquired 10,495 shares of the stock in a transaction that occurred on Tuesday, August 26th. The shares were acquired at an average price of GBX 1,896 per share, for a total transaction of £198,985.20. Insiders have purchased a total of 10,523 shares of company stock worth $19,947,408 in the last quarter. 0.47% of the stock is owned by company insiders.

About Johnson Matthey

(Get Free Report)

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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