Johnson Matthey (LON:JMAT) Hits New 52-Week Low – Here’s Why

Johnson Matthey PLC (LON:JMAT)’s share price hit a new 52-week low during trading on Friday . The stock traded as low as GBX 1,313 ($16.41) and last traded at GBX 1,313 ($16.41), with a volume of 136219 shares. The stock had previously closed at GBX 1,335 ($16.69).

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on JMAT. Berenberg Bank cut their price target on shares of Johnson Matthey from GBX 1,650 ($20.62) to GBX 1,500 ($18.75) and set a “hold” rating for the company in a report on Thursday, November 28th. Jefferies Financial Group restated a “buy” rating and set a GBX 1,800 ($22.50) target price on shares of Johnson Matthey in a report on Tuesday.

Johnson Matthey Price Performance

The stock has a 50 day moving average of GBX 1,471.17 and a two-hundred day moving average of GBX 1,569.87. The company has a debt-to-equity ratio of 63.15, a quick ratio of 0.76 and a current ratio of 1.45. The stock has a market cap of £2.30 billion, a PE ratio of 2,279.31, a PEG ratio of 49,242.50 and a beta of 0.95.

Johnson Matthey Cuts Dividend

The company also recently announced a dividend, which will be paid on Tuesday, February 4th. Stockholders of record on Thursday, December 5th will be given a GBX 22 ($0.27) dividend. This represents a dividend yield of 1.47%. The ex-dividend date of this dividend is Thursday, December 5th. Johnson Matthey’s dividend payout ratio (DPR) is currently 13,275.86%.

Insider Activity

In other Johnson Matthey news, insider Liam Condon bought 27 shares of the stock in a transaction on Wednesday, October 16th. The shares were bought at an average price of GBX 1,505 ($18.81) per share, with a total value of £406.35 ($507.87). Also, insider Stephen Oxley sold 19,554 shares of the company’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of GBX 1,526 ($19.07), for a total value of £298,394.04 ($372,945.93). Insiders have bought 7,458 shares of company stock worth $10,024,332 over the last 90 days. 0.61% of the stock is owned by company insiders.

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.