Johnson Matthey (LON:JMAT) Stock Price Crosses Below 200-Day Moving Average - Here's What Happened

Key Points

• Johnson Matthey's stock crossed below its 200-day moving average, trading as low as GBX 1,998 and last at GBX 2,034.24 versus the 200‑day MA of GBX 2,107.19 on Wednesday (volume 590,135).
• Analysts maintain a "Moderate Buy" consensus (four Buy, one Hold) with an average price target of GBX 2,222, while recent target moves ranged from GBX 2,100 (Berenberg cut) to GBX 2,120 (Deutsche Bank raise).
• Insiders have been net buyers, including Andrew Cosslett's 5,136-share purchase and Liam Condon's 14 shares, with insiders acquiring 10,408 shares in the last 90 days and owning about 0.51% of the company.

Johnson Matthey PLC (LON:JMAT - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,107.19 and traded as low as GBX 1,998. Johnson Matthey shares last traded at GBX 2,034.24, with a volume of 590,135 shares changing hands.

Analyst Ratings Changes

Several equities analysts recently weighed in on JMAT shares. Berenberg Bank decreased their target price on shares of Johnson Matthey from GBX 2,250 to GBX 2,100 and set a "buy" rating for the company in a research note on Monday, March 23rd. Deutsche Bank Aktiengesellschaft raised their target price on shares of Johnson Matthey from GBX 1,922 to GBX 2,120 and gave the company a "buy" rating in a research note on Tuesday, April 7th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of GBX 2,222.

Johnson Matthey Stock Up 0.2%

The firm has a fifty day simple moving average of GBX 2,026.10 and a 200-day simple moving average of GBX 2,107.19. The firm has a market cap of £3.41 billion, a price-to-earnings ratio of -30.87, a P/E/G ratio of 49,242.50 and a beta of 0.90. The company has a debt-to-equity ratio of 71.01, a quick ratio of 0.76 and a current ratio of 1.65.

Insider Buying and Selling at Johnson Matthey

In other Johnson Matthey news, insider Liam Condon purchased 14 shares of the business's stock in a transaction on Wednesday, March 11th. The stock was acquired at an average price of GBX 1,941 per share, with a total value of £271.74. Also, insider Andrew Cosslett purchased 5,136 shares of the business's stock in a transaction on Tuesday, February 24th. The shares were acquired at an average cost of GBX 1,937 per share, with a total value of £99,484.32. Insiders have acquired a total of 10,408 shares of company stock valued at $20,095,336 in the last ninety days. Insiders own 0.51% of the company's stock.

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. Today more than 13,000 Johnson Matthey professionals collaborate with their network of customers and partners to make a real difference to the world around us.

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