Johnson Matthey PLC (LON:JMAT)’s share price hit a new 52-week high on Thursday after an insider bought additional shares in the company. The company traded as high as GBX 3,546 ($48.10) and last traded at GBX 3,543 ($48.06), with a volume of 283575 shares trading hands. The stock had previously closed at GBX 3,491 ($47.35).
Specifically, insider Anna Manz bought 12 shares of the business’s stock in a transaction that occurred on Wednesday, March 21st. The shares were acquired at an average cost of GBX 3,172 ($43.03) per share, with a total value of £380.64 ($516.33). Also, insider John O’Higgins bought 1,500 shares of the business’s stock in a transaction that occurred on Friday, March 23rd. The shares were bought at an average cost of GBX 3,072 ($41.67) per share, for a total transaction of £46,080 ($62,506.78). Over the last quarter, insiders have bought 1,548 shares of company stock valued at $4,765,596.
Several brokerages recently issued reports on JMAT. Credit Suisse Group reissued an “outperform” rating on shares of Johnson Matthey in a research note on Friday, May 4th. Morgan Stanley reissued an “overweight” rating on shares of Johnson Matthey in a research note on Wednesday, March 28th. JPMorgan Chase reissued a “neutral” rating and set a GBX 3,400 ($46.12) target price on shares of Johnson Matthey in a research note on Thursday, March 8th. Liberum Capital reissued a “hold” rating and set a GBX 3,300 ($44.76) target price on shares of Johnson Matthey in a research note on Thursday, March 29th. Finally, Deutsche Bank reissued a “buy” rating and set a GBX 3,800 ($51.55) target price on shares of Johnson Matthey in a research note on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. Johnson Matthey has an average rating of “Buy” and a consensus target price of GBX 3,592.22 ($48.73).
About Johnson Matthey
Johnson Matthey Plc operates as a specialty chemicals company in North America, Europe, China, rest of Asia, and internationally. It operates in five divisions: Emission Control Technologies, Process Technologies, Precious Metal Products, Fine Chemicals, and New Businesses. The Emission Control Technologies division manufactures catalysts, which control harmful emissions from cars and other light duty vehicles powered by various types of fuel, as well as from diesel powered trucks, buses, and non-road machinery.
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