Insider Buying: Johnson Matthey (LON:JMAT) Insider Acquires 14 Shares of Stock

Johnson Matthey PLC (LON:JMAT) insider Richard Pike purchased 14 shares of the stock in a transaction dated Wednesday, June 10th. The shares were purchased at an average price of GBX 1,990 per share, for a total transaction of £278.60.

Richard Pike also recently made the following trade(s):

• On Wednesday, May 13th, Richard Pike purchased 10 shares of Johnson Matthey stock. The stock was acquired at an average price of GBX 2,158 per share, for a total transaction of £215.80.

Johnson Matthey Price Performance

Johnson Matthey stock traded up GBX 16 during midday trading on Monday, hitting GBX 2,082. The company’s stock had a trading volume of 33,354,254 shares, compared to its average volume of 2,908,089. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 69.69. The stock’s 50-day moving average price is GBX 2,079.08 and its 200-day moving average price is GBX 2,108.85. Johnson Matthey PLC has a 12 month low of GBX 1,674 and a 12 month high of GBX 2,434. The company has a market capitalization of £3.49 billion, a PE ratio of -36.40, a price-to-earnings-growth ratio of 49,242.50 and a beta of 0.93.

Johnson Matthey (LON:JMAT) last issued its quarterly earnings results on Thursday, May 28th. The company reported GBX 128.50 EPS for the quarter. Johnson Matthey had a negative net margin of 0.76% and a negative return on equity of 4.66%. The firm had revenue of GBX 1,257.30 billion for the quarter. Analysts anticipate that Johnson Matthey PLC will post 173.4112903 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

JMAT has been the subject of several research reports. UBS Group reissued a “neutral” rating and issued a GBX 2,200 price objective on shares of Johnson Matthey in a research report on Friday, May 22nd. Jefferies Financial Group reissued a “restricted” rating on shares of Johnson Matthey in a research report on Friday, May 29th. Deutsche Bank Aktiengesellschaft lifted their target price on Johnson Matthey from GBX 2,120 to GBX 2,400 and gave the stock a “buy” rating in a research report on Friday, May 29th. Finally, Berenberg Bank raised their target price on Johnson Matthey from GBX 2,100 to GBX 2,300 and gave the stock a “buy” rating in a research report on Monday, June 1st. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,298.33.

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.