Johnson Matthey (LON:JMAT) Sets New 52-Week High - Here's What Happened

Key Points

• Johnson Matthey's share price reached a new 52-week high of GBX 1,905.54 ($25.57) during Friday's trading, up from a previous close of GBX 1,893 ($25.40).
• Berenberg Bank has upgraded Johnson Matthey's target price from GBX 1,800 to GBX 1,950, maintaining a "hold" rating while the stock currently has a consensus rating of "Moderate Buy."
• The company reported a net margin of 0.84% and a return on equity of 4.49% in its last quarterly earnings, with analysts forecasting earnings per share of approximately GBX 173.41 for the current fiscal year.

Johnson Matthey PLC (LON:JMAT - Get Free Report)'s share price hit a new 52-week high during trading on Friday . The stock traded as high as GBX 1,905.54 ($25.57) and last traded at GBX 1,905.54 ($25.57), with a volume of 157557 shares trading hands. The stock had previously closed at GBX 1,893 ($25.40).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank raised their target price on 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 equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of GBX 1,875.

Johnson Matthey Trading Up 0.7%

The firm's 50 day simple moving average is GBX 1,797.99 and its two-hundred day simple moving average is GBX 1,546.12. The stock has a market capitalization of £3.19 billion, a P/E ratio of 32.39, a P/E/G 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 (LON:JMAT - Get Free Report) last released its quarterly earnings data on Thursday, May 22nd. The company reported GBX 149.20 earnings per share (EPS) for the quarter. Johnson Matthey had a net margin of 0.84% and a return on equity of 4.49%. As a group, analysts forecast that Johnson Matthey PLC will post 173.4112903 earnings per share for the current fiscal year.

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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