Johnson Matthey PLC (JMAT) Trading 1.7% Higher

Shares of Johnson Matthey PLC (LON:JMAT) traded up 1.7% during trading on Tuesday . The stock traded as high as GBX 3,412 ($45.03) and last traded at GBX 3,381 ($44.62). 726,825 shares were traded during trading, a decline of 3% from the average session volume of 749,502 shares. The stock had previously closed at GBX 3,323 ($43.85).

Several analysts have recently commented on the stock. J P Morgan Chase & Co increased their price target on shares of Johnson Matthey PLC from GBX 3,200 ($42.23) to GBX 3,400 ($44.87) and gave the company a “neutral” rating in a research note on Tuesday, October 10th. Deutsche Bank AG raised their price objective on shares of Johnson Matthey PLC from GBX 3,600 ($47.51) to GBX 4,300 ($56.74) and gave the company a “buy” rating in a research note on Friday, September 29th. Morgan Stanley reaffirmed an “overweight” rating and issued a GBX 3,500 ($46.19) price objective on shares of Johnson Matthey PLC in a research note on Sunday, September 24th. Liberum Capital reaffirmed a “hold” rating and issued a GBX 3,300 ($43.55) price objective on shares of Johnson Matthey PLC in a research note on Thursday, September 21st. Finally, Citigroup Inc. reaffirmed a “buy” rating and issued a GBX 3,800 ($50.15) price objective on shares of Johnson Matthey PLC in a research note on Wednesday, August 30th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 3,500.27 ($46.19).

The firm’s market capitalization is GBX 6.48 billion. The firm’s 50-day moving average price is GBX 3,295.62 and its 200-day moving average price is GBX 3,025.48.

In related news, insider Annette Kelleher purchased 12 shares of Johnson Matthey PLC stock in a transaction that occurred on Wednesday, August 16th. The stock was bought at an average price of GBX 2,757 ($36.38) per share, for a total transaction of £330.84 ($436.58). Also, insider John Walker purchased 9 shares of Johnson Matthey PLC stock in a transaction that occurred on Wednesday, October 18th. The shares were bought at an average price of GBX 3,393 ($44.77) per share, with a total value of £305.37 ($402.97). In the last quarter, insiders bought 33 shares of company stock valued at $99,081.

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