Johnson Matthey (LON:JMAT) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Johnson Matthey PLC (LON:JMAT)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 2,069 and traded as high as GBX 2,382. Johnson Matthey shares last traded at GBX 2,336.96, with a volume of 333,971 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Johnson Matthey from GBX 2,300 to GBX 2,400 and gave the stock a “buy” rating in a report on Wednesday, January 21st. Citigroup upped their price target on Johnson Matthey from GBX 1,800 to GBX 2,100 and gave the company a “neutral” rating in a report on Tuesday, October 21st. Berenberg Bank cut their price objective on Johnson Matthey from GBX 2,100 to GBX 2,050 and set a “hold” rating for the company in a research report on Tuesday, November 25th. Finally, Panmure Gordon restated a “buy” rating and issued a GBX 2,370 target price on shares of Johnson Matthey in a report on Monday, November 24th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 2,268.

Johnson Matthey Stock Performance

The firm’s 50-day moving average price is GBX 2,235.95 and its two-hundred day moving average price is GBX 2,069. The company has a quick ratio of 0.76, a current ratio of 1.45 and a debt-to-equity ratio of 62.73. The firm has a market capitalization of £3.92 billion, a PE ratio of -35.54, a P/E/G ratio of 49,242.50 and a beta of 0.95.

Johnson Matthey (LON:JMAT) last issued its quarterly earnings results on Thursday, November 20th. The company reported GBX 51.20 EPS for the quarter. Johnson Matthey had a net margin of 0.84% and a return on equity of 4.49%. As a group, research analysts predict that Johnson Matthey PLC will post 173.4112903 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Johnson Matthey news, insider Alastair Judge bought 12 shares of the firm’s stock in a transaction dated Tuesday, January 13th. The stock was acquired at an average price of GBX 2,321 per share, with a total value of £278.52. Also, insider Liam Condon purchased 14 shares of the stock in a transaction dated Wednesday, December 10th. The shares were acquired at an average price of GBX 2,013 per share, for a total transaction of £281.82. Insiders bought 36 shares of company stock valued at $79,244 in the last 90 days. Corporate insiders own 0.50% 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.