Johnson Matthey (LON:JMAT) Share Price Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• Johnson Matthey shares rose above their 200-day moving average, reaching GBX 2,328 before last trading at GBX 2,248 on volume of 267,031 shares.
• Analysts remain generally positive, with four Buy ratings and two Holds. The stock has a “Moderate Buy” consensus rating and an average price target of GBX 2,283.33.
• Despite the technical strength, the shares were reported as trading down 2.7%; insiders have recently purchased small amounts of stock, while corporate insiders own 0.74% of the company.

Johnson Matthey PLC (LON:JMAT - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2,053.58 and traded as high as GBX 2,328. Johnson Matthey shares last traded at GBX 2,248, with a volume of 267,031 shares.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Jefferies Financial Group reiterated a "buy" rating and set a GBX 2,330 price target on shares of Johnson Matthey in a report on Tuesday, August 4th. UBS Group reissued a "neutral" rating and issued a GBX 2,200 price target on shares of Johnson Matthey in a report on Friday, May 22nd. Berenberg Bank raised their price target on shares of Johnson Matthey from GBX 2,100 to GBX 2,300 and gave the stock a "buy" rating in a report on Monday, June 1st. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a GBX 2,400 price objective on shares of Johnson Matthey in a research report on Monday, July 6th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of GBX 2,283.33.

Johnson Matthey Trading Down 2.7%

The firm has a market cap of £2.84 billion, a PE ratio of -29.48, a PEG ratio of 49,242.50 and a beta of 0.94. The firm has a fifty day simple moving average of GBX 2,106.64 and a two-hundred day simple moving average of GBX 2,053.58. The company has a current ratio of 1.56, a quick ratio of 0.76 and a debt-to-equity ratio of 69.69.

Insider Activity

In related news, insider Alastair Judge bought 12 shares of the company's stock in a transaction dated Wednesday, August 12th. The stock was purchased at an average cost of GBX 2,193 per share, with a total value of £263.16. Also, insider Liam Condon acquired 14 shares of the stock in a transaction on Friday, July 10th. The stock was bought at an average price of GBX 1,909 per share, with a total value of £267.26. Over the last ninety days, insiders bought 50 shares of company stock valued at $98,858. Corporate insiders own 0.74% 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. 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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