Johnson Matthey (LON:JMAT) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Johnson Matthey PLC (LON:JMAT)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 2,058.68 and traded as high as GBX 2,298. Johnson Matthey shares last traded at GBX 2,268, with a volume of 385,100 shares traded.

Analysts Set New Price Targets

JMAT has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 2,400 price objective on shares of Johnson Matthey in a research report on Monday, July 6th. UBS Group restated a “neutral” rating and issued a GBX 2,200 target price on shares of Johnson Matthey in a research note on Friday, May 22nd. Jefferies Financial Group restated a “buy” rating and issued a GBX 2,330 target price on shares of Johnson Matthey in a research note on Tuesday, August 4th. Finally, 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 research note on Monday, June 1st. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,283.33.

Johnson Matthey Price Performance

The company’s 50-day simple moving average is GBX 2,048.81 and its 200-day simple moving average is GBX 2,057.51. The company has a debt-to-equity ratio of 69.69, a current ratio of 1.56 and a quick ratio of 0.76. The stock has a market capitalization of £3.80 billion, a price-to-earnings ratio of -39.62, a P/E/G ratio of 49,242.50 and a beta of 0.94.

Johnson Matthey (LON:JMAT) last posted its earnings results on Thursday, May 28th. The company reported GBX 128.50 earnings per share for the quarter. The company had revenue of GBX 1,257.30 billion during the quarter. Johnson Matthey had a negative return on equity of 4.66% and a negative net margin of 0.76%. Research analysts forecast that Johnson Matthey PLC will post 173.4112903 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Richard Pike bought 14 shares of the firm’s stock in a transaction on Wednesday, June 10th. The shares were purchased at an average cost of GBX 1,990 per share, with a total value of £278.60. Also, 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 price of GBX 2,193 per share, with a total value of £263.16. Over the last three months, insiders acquired 11,474 shares of company stock worth $24,674,470. 0.58% of the stock is owned by company insiders.

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.