Johnson Matthey (LON:JMAT) Sets New 52-Week High – Here’s What Happened

Shares of Johnson Matthey PLC (LON:JMAT) reached a new 52-week high during trading on Thursday . The company traded as high as GBX 2,400 and last traded at GBX 2,388, with a volume of 150974 shares. The stock had previously closed at GBX 2,384.

Analyst Ratings Changes

A number of equities research analysts have issued reports on JMAT shares. Deutsche Bank Aktiengesellschaft boosted their price target on Johnson Matthey from GBX 2,300 to GBX 2,400 and gave the company a “buy” rating in a research report on Wednesday, January 21st. Berenberg Bank dropped their target price on shares of Johnson Matthey from GBX 2,100 to GBX 2,050 and set a “hold” rating for the company in a research report on Tuesday, November 25th. Jefferies Financial Group raised their price target on shares of Johnson Matthey from GBX 2,200 to GBX 2,420 and gave the company a “buy” rating in a report on Tuesday, October 14th. Citigroup boosted their price objective on shares of Johnson Matthey from GBX 1,800 to GBX 2,100 and gave the stock a “neutral” rating in a research note on Tuesday, October 21st. Finally, Panmure Gordon reissued a “buy” rating and issued a GBX 2,370 price objective on shares of Johnson Matthey in a research report on Monday, November 24th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,268.

Johnson Matthey Stock Down 0.4%

The stock has a market capitalization of £3.98 billion, a price-to-earnings ratio of -36.02, a price-to-earnings-growth ratio of 49,242.50 and a beta of 0.95. The firm has a 50-day moving average of GBX 2,161.73 and a 200 day moving average of GBX 2,034.59. 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 posted its quarterly earnings data on Thursday, November 20th. The company reported GBX 51.20 earnings per share (EPS) for the quarter. Johnson Matthey had a net margin of 0.84% and a return on equity of 4.49%. On average, sell-side analysts anticipate that Johnson Matthey PLC will post 173.4112903 earnings per share for the current year.

Insiders Place Their Bets

In other Johnson Matthey news, insider Alastair Judge bought 12 shares of the company’s stock in a transaction dated Tuesday, January 13th. The shares were acquired at an average cost of GBX 2,321 per share, with a total value of £278.52. Also, insider Liam Condon purchased 14 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The stock was acquired at an average price of GBX 2,013 per share, for a total transaction of £281.82. Insiders acquired a total of 46 shares of company stock worth $100,894 in the last quarter. 0.50% of the stock is currently owned by company insiders.

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.