Johnson Matthey (LON:JMAT) Stock Price Passes Above 200 Day Moving Average – Here’s Why

Shares of Johnson Matthey PLC (LON:JMAT) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,470.02 ($18.99) and traded as high as GBX 1,505 ($19.45). Johnson Matthey shares last traded at GBX 1,460 ($18.87), with a volume of 130,870,305 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on JMAT. Berenberg Bank reduced their price objective on Johnson Matthey from GBX 1,650 ($21.32) to GBX 1,500 ($19.38) and set a “hold” rating for the company in a research report on Thursday, November 28th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,800 ($23.26) price objective on shares of Johnson Matthey in a research report on Tuesday, December 17th.

Johnson Matthey Price Performance

The stock has a fifty day moving average of GBX 1,404.69 and a two-hundred day moving average of GBX 1,468.43. The stock has a market capitalization of £2.44 billion, a price-to-earnings ratio of 24.81, a PEG ratio of 49,242.50 and a beta of 0.95. The company has a current ratio of 1.45, a quick ratio of 0.76 and a debt-to-equity ratio of 62.73.

Insider Activity

In other Johnson Matthey news, insider Liam Condon bought 30 shares of Johnson Matthey stock in a transaction on Wednesday, January 22nd. The shares were purchased at an average cost of GBX 1,362 ($17.60) per share, for a total transaction of £408.60 ($527.98). Also, insider Stephen Oxley bought 27 shares of Johnson Matthey stock in a transaction on Wednesday, February 19th. The shares were acquired at an average price of GBX 1,451 ($18.75) per share, for a total transaction of £391.77 ($506.23). Insiders own 0.61% 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.