Johnson Matthey PLC (JMAT) Trading Down 1.4%

Johnson Matthey PLC (LON:JMAT)’s share price dropped 1.4% during trading on Monday . The company traded as low as GBX 2,857 ($36.90) and last traded at GBX 2,864 ($36.99). Approximately 500,121 shares were traded during mid-day trading, a decline of 12% from the average daily volume of 565,971 shares. The stock had previously closed at GBX 2,905 ($37.52).

JMAT has been the subject of a number of analyst reports. Deutsche Bank AG cut their price target on Johnson Matthey PLC from GBX 3,700 ($47.79) to GBX 3,600 ($46.49) and set a “buy” rating for the company in a report on Friday, June 2nd. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a GBX 3,200 ($41.33) price target on shares of Johnson Matthey PLC in a report on Thursday, June 8th. Barclays PLC raised Johnson Matthey PLC to an “overweight” rating and raised their price target for the stock from GBX 3,380 ($43.65) to GBX 3,450 ($44.56) in a report on Wednesday, July 26th. Liberum Capital reaffirmed a “hold” rating and issued a GBX 3,400 ($43.91) price target on shares of Johnson Matthey PLC in a report on Thursday. Finally, Morgan Stanley raised Johnson Matthey PLC to an “overweight” rating and raised their price target for the stock from GBX 3,000 ($38.74) to GBX 3,500 ($45.20) in a report on Thursday, June 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of GBX 3,427.55 ($44.27).

The stock has a 50 day moving average price of GBX 2,806.11 and a 200 day moving average price of GBX 2,948.16. The firm’s market cap is GBX 5.49 billion.

In other news, insider Annette Kelleher bought 12 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was bought at an average price of GBX 2,757 ($35.61) per share, with a total value of £330.84 ($427.28). Also, insider Jane Griffiths bought 2,671 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The stock was purchased at an average cost of GBX 2,786 ($35.98) per share, with a total value of £74,414.06 ($96,104.95). Insiders purchased a total of 2,710 shares of company stock valued at $7,553,921 in the last ninety days.

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About Johnson Matthey PLC

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