Johnson Matthey (LON:JMAT) Shares Cross Above 200 Day Moving Average - Here's Why

Key Points

• Johnson Matthey PLC shares have traded above their 200-day moving average of GBX 1,530.76, reaching a high of GBX 1,843 ($24.94) during trading on Thursday.
• Berenberg Bank raised its target price for Johnson Matthey shares from GBX 1,800 ($24.35) to GBX 1,950 ($26.38) while maintaining a "hold" rating.
• The company's last earnings report revealed an earnings per share (EPS) of GBX 149.20 ($2.02) with analysts predicting an EPS of 173.41 for the current year.

Johnson Matthey PLC (LON:JMAT - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,530.76 ($20.71) and traded as high as GBX 1,843 ($24.94). Johnson Matthey shares last traded at GBX 1,842 ($24.92), with a volume of 447,624 shares trading hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank raised their target price on shares of Johnson Matthey from GBX 1,800 ($24.35) to GBX 1,950 ($26.38) and gave the stock a "hold" rating in a report on Monday, July 21st.

Johnson Matthey Stock Up 1.2%

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 business's fifty day simple moving average is GBX 1,784.49 and its two-hundred day simple moving average is GBX 1,530.76. The company has a market cap of £3.12 billion, a PE ratio of 31.67, a PEG ratio of 49,242.50 and a beta of 0.95.

Johnson Matthey (LON:JMAT - Get Free Report) last announced its earnings results on Thursday, May 22nd. The company reported GBX 149.20 ($2.02) earnings per share (EPS) for the quarter. Johnson Matthey had a net margin of 0.84% and a return on equity of 4.49%. On average, analysts predict that Johnson Matthey PLC will post 173.4112903 earnings per share for the current year.

About Johnson Matthey

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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