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

Johnson Matthey PLC (LON:JMAT)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,983.25 and traded as high as GBX 2,302. Johnson Matthey shares last traded at GBX 2,302, with a volume of 186,981 shares traded.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on JMAT. Jefferies Financial Group upped their price target on Johnson Matthey from GBX 2,200 to GBX 2,420 and gave the company a “buy” rating in a research report on Tuesday, October 14th. Deutsche Bank Aktiengesellschaft increased their target price on Johnson Matthey from GBX 2,100 to GBX 2,300 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Citigroup lifted their target price on shares of Johnson Matthey from GBX 1,800 to GBX 2,100 and gave the stock a “neutral” rating in a report on Tuesday, October 21st. Berenberg Bank lowered their target price on Johnson Matthey from GBX 2,100 to GBX 2,050 and set a “hold” rating for the company in a research note on Tuesday, November 25th. Finally, Panmure Gordon reiterated a “buy” rating and set a GBX 2,370 price target on shares of Johnson Matthey in a report on Monday, November 24th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 2,248.

Johnson Matthey Trading Up 1.7%

The company has a quick ratio of 0.76, a current ratio of 1.45 and a debt-to-equity ratio of 62.73. The stock has a market cap of £3.86 billion, a price-to-earnings ratio of -34.93, a PEG ratio of 49,242.50 and a beta of 0.95. The business’s 50 day simple moving average is GBX 2,103.52 and its 200 day simple moving average is GBX 1,985.15.

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

Insider Activity at Johnson Matthey

In related news, insider Liam Condon purchased 14 shares of Johnson Matthey stock in a transaction dated Wednesday, December 10th. The shares were acquired at an average price of GBX 2,013 per share, for a total transaction of £281.82. Corporate insiders own 0.50% 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.