Johnson Matthey (LON:JMAT) Shares Pass Above 200-Day Moving Average - What's Next?

Johnson Matthey PLC (LON:JMAT - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,496.02 ($19.86) and traded as high as GBX 1,826 ($24.24). Johnson Matthey shares last traded at GBX 1,785 ($23.69), with a volume of 494,982 shares trading hands.

Analysts Set New Price Targets

Separately, Berenberg Bank upped their target price on Johnson Matthey from GBX 1,800 ($23.89) to GBX 1,950 ($25.88) and gave the company a "hold" rating in a research report on Monday, July 21st.

Johnson Matthey Trading Down 1.8%

The business has a 50 day moving average of GBX 1,773.83 and a two-hundred day moving average of GBX 1,505.87. The company has a debt-to-equity ratio of 62.73, a quick ratio of 0.76 and a current ratio of 1.45. The firm has a market capitalization of £2.90 billion, a price-to-earnings ratio of 29.50, a P/E/G ratio of 49,242.50 and a beta of 0.95.

Johnson Matthey (LON:JMAT - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The company reported GBX 149.20 ($1.98) earnings per share for the quarter. Johnson Matthey had a return on equity of 4.49% and a net margin of 0.84%. Equities analysts predict that Johnson Matthey PLC will post 173.4112903 EPS 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.