Johnson Matthey (LON:JMAT) Stock Price Crosses Above Two Hundred Day Moving Average of $1,623.91

Johnson Matthey PLC (LON:JMAT - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,623.91 ($20.22) and traded as high as GBX 1,782 ($22.18). Johnson Matthey shares last traded at GBX 1,767 ($22.00), with a volume of 291,103 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group reissued a "buy" rating and issued a GBX 2,100 ($26.14) price target on shares of Johnson Matthey in a research note on Wednesday, March 20th. Numis Securities reissued a "buy" rating and issued a GBX 2,200 ($27.39) price target on shares of Johnson Matthey in a research note on Wednesday, March 20th. Finally, Berenberg Bank increased their price target on Johnson Matthey from GBX 1,650 ($20.54) to GBX 1,800 ($22.41) and gave the company a "hold" rating in a research note on Monday, April 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of GBX 2,010 ($25.02).

Johnson Matthey Stock Up 0.1 %

The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 63.95. The stock has a 50 day simple moving average of GBX 1,699.10 and a 200 day simple moving average of GBX 1,624.93. The stock has a market cap of £3.25 billion, a price-to-earnings ratio of 1,842.71, a PEG ratio of 49,242.50 and a beta of 0.98.

Insider Activity

In related news, insider Stephen Oxley bought 18 shares of the company's stock in a transaction dated Wednesday, March 20th. The shares were bought at an average price of GBX 1,864 ($23.20) per share, for a total transaction of £335.52 ($417.68). Corporate insiders own 0.60% of the company's stock.

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.