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Johnson Matthey (LON:JMAT) Share Price Crosses Above 200-Day Moving Average - Here's Why

Johnson Matthey logo with Basic Materials background

Key Points

  • Johnson Matthey's stock price exceeded its 200-day moving average on Thursday, reaching a high of GBX 1,921 ($26.04) before closing at GBX 1,910 ($25.89).
  • Berenberg Bank upgraded its target price for Johnson Matthey from GBX 1,800 to GBX 1,950, maintaining a "hold" rating.
  • Insider Andrew Cosslett purchased 10,495 shares at an average price of GBX 1,896 per share, indicating confidence in the company's future performance.
  • MarketBeat previews the top five stocks to own by November 1st.

Johnson Matthey PLC (LON:JMAT - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,610.60 ($21.77) and traded as high as GBX 1,921 ($25.96). Johnson Matthey shares last traded at GBX 1,910 ($25.81), with a volume of 264,259 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank lifted their price target on Johnson Matthey from GBX 1,800 to GBX 1,950 and gave the company 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 assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 1,875.

Get Our Latest Analysis on Johnson Matthey

Johnson Matthey Price Performance

The firm's fifty day simple moving average is GBX 1,861.16 and its 200-day simple moving average is GBX 1,619.19. The firm has a market capitalization of £3.23 billion, a PE ratio of 912.88, a PEG 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.

Insider Buying and Selling

In other Johnson Matthey news, insider Andrew Cosslett bought 10,495 shares of Johnson Matthey stock in a transaction on Tuesday, August 26th. The stock was acquired at an average price of GBX 1,896 per share, with a total value of £198,985.20. Corporate insiders own 0.50% of the company's stock.

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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