Insider Buying: Johnson Matthey (LON:JMAT) Insider Buys £396,434.80 in Stock

Johnson Matthey PLC (LON:JMAT) insider Richard Pike acquired 17,635 shares of the stock in a transaction dated Friday, September 11th. The stock was bought at an average cost of GBX 2,248 per share, with a total value of £396,434.80.

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

• On Friday, July 10th, Richard Pike bought 12 shares of Johnson Matthey stock. The stock was bought at an average price of GBX 1,909 per share, with a total value of £229.08.

Johnson Matthey Trading Down 0.1%

Shares of LON JMAT traded down GBX 2.13 during trading hours on Friday, hitting GBX 2,245.87. 9,612,290 shares of the company traded hands, compared to its average volume of 2,058,961. The company’s 50 day moving average price is GBX 2,106.64 and its 200 day moving average price is GBX 2,053.58. Johnson Matthey PLC has a 12 month low of GBX 2,218 and a 12 month high of GBX 3,245.33. The stock has a market capitalization of £2.83 billion, a price-to-earnings ratio of -29.45, a price-to-earnings-growth ratio of 49,242.50 and a beta of 0.94. The company has a current ratio of 1.56, a quick ratio of 0.76 and a debt-to-equity ratio of 69.69.

Analyst Ratings Changes

JMAT has been the subject of several analyst reports. Berenberg Bank raised their target price on shares of Johnson Matthey from GBX 2,100 to GBX 2,300 and gave the stock a “buy” rating in a report on Monday, June 1st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 2,400 price target on shares of Johnson Matthey in a report on Monday, July 6th. UBS Group reissued a “neutral” rating and issued a GBX 2,200 price objective on shares of Johnson Matthey in a research note on Friday, May 22nd. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 2,330 target price on shares of Johnson Matthey in a research report on Tuesday, August 4th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,283.33.

Johnson Matthey Company Profile

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.