Johnson Matthey (LON:JMAT) Stock Crosses Above Two Hundred Day Moving Average – Should You 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 1,802.01 and traded as high as GBX 2,142. Johnson Matthey shares last traded at GBX 2,124, with a volume of 408,670 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on JMAT shares. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of 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. Jefferies Financial Group lifted their price objective on Johnson Matthey from GBX 2,200 to GBX 2,420 and gave the company a “buy” rating in a research note on Tuesday, October 14th. Berenberg Bank raised their price target on shares of Johnson Matthey from GBX 1,950 to GBX 2,100 and gave the company a “hold” rating in a report on Thursday, October 9th. Finally, Citigroup lifted their price target on shares of Johnson Matthey from GBX 1,800 to GBX 2,100 and gave the company a “neutral” rating in a research report on Tuesday, October 21st. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,230.

Johnson Matthey Stock Down 0.1%

The firm’s 50 day moving average price is GBX 2,032.16 and its two-hundred day moving average price is GBX 1,806.13. The firm has a market capitalization of £3.56 billion, a PE ratio of 10.06, a P/E/G ratio of 49,242.50 and a beta of 0.95. The company has a quick ratio of 0.76, a current ratio of 1.45 and a debt-to-equity ratio of 62.73.

Insider Buying and Selling

In related news, insider Andrew Cosslett bought 10,495 shares of the company’s stock in a transaction dated Tuesday, August 26th. The stock was bought at an average price of GBX 1,896 per share, with a total value of £198,985.20. In the last 90 days, insiders have acquired 10,521 shares of company stock worth $19,948,290. 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.