Johnson Matthey (LON:JMAT) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Johnson Matthey PLC (LON:JMAT)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 2,105.43 and traded as high as GBX 2,130. Johnson Matthey shares last traded at GBX 2,130, with a volume of 51,273,496 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts have commented on JMAT shares. UBS Group reissued a “neutral” rating and issued a GBX 2,200 price objective on shares of Johnson Matthey in a research report on Friday. Deutsche Bank Aktiengesellschaft raised their target price on Johnson Matthey from GBX 1,922 to GBX 2,120 and gave the company a “buy” rating in a research note on Tuesday, April 7th. Finally, Berenberg Bank lowered their target price on Johnson Matthey from GBX 2,250 to GBX 2,100 and set a “buy” rating for the company in a research note on Monday, March 23rd. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of GBX 2,218.33.

Johnson Matthey Stock Up 1.6%

The firm has a 50 day moving average price of GBX 2,005.01 and a two-hundred day moving average price of GBX 2,105.84. The company has a quick ratio of 0.76, a current ratio of 1.65 and a debt-to-equity ratio of 71.01. The company has a market capitalization of £3.63 billion, a price-to-earnings ratio of -32.84, a P/E/G ratio of 49,242.50 and a beta of 0.91.

Insider Activity

In other Johnson Matthey news, insider Andrew Cosslett bought 5,136 shares of the stock in a transaction dated Tuesday, February 24th. The stock was bought at an average cost of GBX 1,937 per share, for a total transaction of £99,484.32. Also, insider Liam Condon bought 14 shares of the stock in a transaction dated Wednesday, March 11th. The shares were acquired at an average price of GBX 1,941 per share, with a total value of £271.74. Insiders acquired 10,434 shares of company stock worth $20,144,228 over the last ninety days. Corporate insiders own 0.51% of the company’s stock.

About Johnson Matthey

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.