Johnson Matthey (LON:JMAT) Reaches New 1-Year Low – Should You Sell?

Johnson Matthey PLC (LON:JMAT)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 2,224 and last traded at GBX 2,230, with a volume of 375370 shares. The stock had previously closed at GBX 2,266.

Analyst Ratings Changes

JMAT has been the topic of several research analyst reports. Jefferies Financial Group restated a “buy” rating and issued a GBX 2,330 price objective on shares of Johnson Matthey in a report on Tuesday, August 4th. Berenberg Bank increased 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 research note 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 research report on Monday, July 6th. Finally, UBS Group restated a “neutral” rating and issued a GBX 2,200 price objective on shares of Johnson Matthey in a report on Friday, May 22nd. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Johnson Matthey currently has an average rating of “Moderate Buy” and an average target price of GBX 2,283.33.

Johnson Matthey Price Performance

The company has a fifty day moving average of GBX 2,055.30 and a 200-day moving average of GBX 2,057.39. The company has a current ratio of 1.56, a quick ratio of 0.76 and a debt-to-equity ratio of 69.69. The stock has a market cap of £3.82 billion, a PE ratio of -39.79, a P/E/G ratio of 49,242.50 and a beta of 0.94.

Johnson Matthey (LON:JMAT) last announced its earnings results on Thursday, May 28th. The company reported GBX 128.50 EPS for the quarter. The company had revenue of GBX 1,257.30 billion during the quarter. Johnson Matthey had a negative return on equity of 4.66% and a negative net margin of 0.76%. Sell-side analysts expect that Johnson Matthey PLC will post 173.4112903 EPS for the current fiscal year.

Insider Buying and Selling at Johnson Matthey

In other Johnson Matthey news, insider Liam Condon acquired 4,500 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was purchased at an average price of GBX 2,127 per share, for a total transaction of £95,715. Also, insider Alastair Judge bought 14 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The shares were acquired at an average cost of GBX 1,990 per share, for a total transaction of £278.60. Over the last ninety days, insiders have bought 11,474 shares of company stock worth $24,674,470. 0.58% of the stock is currently owned by company insiders.

About Johnson Matthey

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.