Johnson Matthey PLC (JMAT) Trading Up 1.1% After Insider Buying Activity

Johnson Matthey PLC (LON:JMAT) was up 1.1% during trading on Friday following insider buying activity. The stock traded as high as GBX 3,435 ($45.64) and last traded at GBX 3,435 ($45.64). Approximately 413,430 shares were traded during mid-day trading, a decline of 47% from the average daily volume of 772,827 shares. The stock had previously closed at GBX 3,396 ($45.12).

Specifically, insider Robert MacLeod sold 1,219 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of GBX 2,775 ($36.87), for a total value of £33,827.25 ($44,947.18). Also, insider Annette Kelleher acquired 12 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The stock was acquired at an average price of GBX 2,757 ($36.63) per share, with a total value of £330.84 ($439.60). Insiders purchased a total of 2,704 shares of company stock valued at $7,540,487 over the last quarter.

Several equities analysts recently issued reports on JMAT shares. Deutsche Bank AG reiterated a “buy” rating on shares of Johnson Matthey PLC in a research report on Monday, July 17th. Citigroup Inc. reiterated a “buy” rating and issued a GBX 3,800 ($50.49) price objective on shares of Johnson Matthey PLC in a research report on Wednesday, August 30th. Liberum Capital reiterated a “hold” rating on shares of Johnson Matthey PLC in a research report on Wednesday, September 13th. Finally, J P Morgan Chase & Co reiterated a “neutral” rating and issued a GBX 3,200 ($42.52) price objective on shares of Johnson Matthey PLC in a research report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of GBX 3,500.27 ($46.51).

The stock’s market capitalization is GBX 6.59 billion. The firm has a 50-day moving average price of GBX 3,171.86 and a 200-day moving average price of GBX 3,003.87.

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