Johnson Matthey (LON:JMAT) Sets New 1-Year High – Should You Buy?

Shares of Johnson Matthey PLC (LON:JMAT) hit a new 52-week high on Thursday . The stock traded as high as GBX 1,927 ($26.01) and last traded at GBX 1,910.87 ($25.79), with a volume of 628949 shares trading hands. The stock had previously closed at GBX 1,898 ($25.62).

Analysts Set New Price Targets

Separately, Berenberg Bank increased their price objective on Johnson Matthey from GBX 1,800 to GBX 1,950 and gave the company a “hold” rating in a research note on Monday, July 21st. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,875.

Johnson Matthey Price Performance

The company has a debt-to-equity ratio of 62.73, a quick ratio of 0.76 and a current ratio of 1.45. The business has a 50-day simple moving average of GBX 1,812.87 and a 200 day simple moving average of GBX 1,559.40. The firm has a market cap of £3.21 billion, a P/E ratio of 32.64, a price-to-earnings-growth ratio of 49,242.50 and a beta of 0.95.

Insider Activity at Johnson Matthey

In other Johnson Matthey news, insider Andrew Cosslett purchased 10,495 shares of the company’s stock in a transaction that occurred on 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. Insiders purchased a total of 10,523 shares of company stock worth $19,947,408 in the last ninety days. 0.61% of the stock is owned by corporate 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.