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

Johnson Matthey PLC (LON:JMAT)’s stock price passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 2,094.62 and traded as high as GBX 2,426. Johnson Matthey shares last traded at GBX 2,422, with a volume of 374,107 shares changing hands.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 2,400 price objective on shares of Johnson Matthey in a research note on Monday, July 6th. Jefferies Financial Group reissued a “buy” rating and set a GBX 2,330 target price on shares of Johnson Matthey in a report on Tuesday, August 4th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of GBX 2,283.33.

Johnson Matthey Trading Up 2.2%

The company has a market cap of £3.05 billion, a P/E ratio of -31.76, a PEG ratio of 49,242.50 and a beta of 0.93. The business has a fifty day moving average price of GBX 2,237.98 and a 200-day moving average price of GBX 2,094.62. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 69.69.

Insider Buying and Selling

In related news, insider Alastair Judge bought 12 shares of the business’s stock in a transaction dated Wednesday, August 12th. The stock was purchased at an average cost of GBX 2,193 per share, for a total transaction of £263.16. Also, insider Richard Pike acquired 17,635 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The stock was purchased at an average cost of GBX 2,248 per share, for a total transaction of £396,434.80. Over the last three months, insiders have acquired 28,636 shares of company stock valued at $64,995,344. 0.74% 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.