Johnson Matthey (LON:JMAT) Shares Cross Above 200 Day Moving Average – Time to Sell?

Johnson Matthey PLC (LON:JMAT)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,929.18 and traded as high as GBX 2,140. Johnson Matthey shares last traded at GBX 2,140, with a volume of 615,681 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts recently commented on JMAT shares. Jefferies Financial Group raised their price objective on shares of Johnson Matthey from GBX 2,200 to GBX 2,420 and gave the stock a “buy” rating in a report on Tuesday, October 14th. Berenberg Bank dropped their price target on Johnson Matthey from GBX 2,100 to GBX 2,050 and set a “hold” rating on the stock in a research note on Tuesday, November 25th. Panmure Gordon restated a “buy” rating and issued a GBX 2,370 price target on shares of Johnson Matthey in a report on Monday, November 24th. Citigroup increased their price objective on Johnson Matthey from GBX 1,800 to GBX 2,100 and gave the stock a “neutral” rating in a report on Tuesday, October 21st. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Johnson Matthey from GBX 2,100 to GBX 2,300 and gave the company a “buy” rating in a research note on Thursday, October 9th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,248.

Johnson Matthey Stock Performance

The company has a market capitalization of £3.61 billion, a price-to-earnings ratio of -32.66, a P/E/G ratio of 49,242.50 and a beta of 0.95. The stock’s 50 day moving average price is GBX 2,084.05 and its 200 day moving average price is GBX 1,932.11. The company has a current ratio of 1.45, a quick ratio of 0.76 and a debt-to-equity ratio of 62.73.

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

Insider Activity at Johnson Matthey

In other news, insider Liam Condon bought 14 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The stock was acquired at an average cost of GBX 2,013 per share, with a total value of £281.82. Over the last three months, insiders purchased 36 shares of company stock valued at $74,780. 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.