Johnson Matthey (OTCMKTS:JMPLY) Shares Gap Up – What’s Next?

Johnson Matthey PLC (OTCMKTS:JMPLY)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $47.08, but opened at $49.50. Johnson Matthey shares last traded at $49.50, with a volume of 368 shares.

Analysts Set New Price Targets

Several brokerages have issued reports on JMPLY. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Johnson Matthey in a research report on Wednesday, January 21st. Berenberg Bank raised shares of Johnson Matthey from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 5th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Johnson Matthey has an average rating of “Moderate Buy”.

Johnson Matthey Price Performance

The company has a quick ratio of 1.28, a current ratio of 1.65 and a debt-to-equity ratio of 0.63. The stock has a 50 day moving average of $58.61 and a 200 day moving average of $56.56.

Johnson Matthey Company Profile

Johnson Matthey plc is a UK-based specialty chemicals and sustainable technologies company with a history dating back to 1817. As a public limited company headquartered in London, it has built a global reputation for expertise in platinum group metals (PGMs) and advanced catalytic materials. The company has evolved from its origins in precious metals refining into diversified segments focused on environmental and energy solutions.

The company’s principal business activities encompass the development and manufacture of emission control catalysts for the automotive and industrial sectors, alongside process technologies for chemical production and refining.