Johnson Matthey (LON:JMAT) Reaches New 52-Week Low – Should You Sell?

Johnson Matthey PLC (LON:JMAT)’s share price hit a new 52-week low during trading on Monday . The company traded as low as GBX 2,175 and last traded at GBX 2,254, with a volume of 194438 shares traded. The stock had previously closed at GBX 2,928.

Analyst Upgrades and Downgrades

Several analysts have recently commented on JMAT shares. 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 research note on Monday, June 1st. Jefferies Financial Group reiterated a “buy” rating and set a GBX 2,330 price target on shares of Johnson Matthey in a research note on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 2,400 price target on shares of Johnson Matthey in a 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 research report on Friday, May 22nd. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Johnson Matthey currently has an average rating of “Moderate Buy” and an average price target of GBX 2,283.33.

Johnson Matthey Price Performance

The company has a debt-to-equity ratio of 69.69, a quick ratio of 0.76 and a current ratio of 1.56. The stock’s fifty day moving average price is GBX 2,018 and its 200-day moving average price is GBX 2,061.46. The firm has a market cap of £3.78 billion, a PE ratio of -39.41, a P/E/G ratio of 49,242.50 and a beta of 0.94.

Johnson Matthey (LON:JMAT) last released its quarterly earnings data on Thursday, May 28th. The company reported GBX 128.50 EPS for the quarter. Johnson Matthey had a negative net margin of 0.76% and a negative return on equity of 4.66%. The firm had revenue of GBX 1,257.30 billion for the quarter. As a group, equities analysts forecast that Johnson Matthey PLC will post 173.4112903 EPS for the current fiscal year.

Insider Activity at Johnson Matthey

In related news, insider Andrew Cosslett purchased 6,884 shares of Johnson Matthey stock in a transaction dated Wednesday, June 3rd. The stock was bought at an average cost of GBX 2,168 per share, for a total transaction of £149,245.12. Also, insider Richard Pike purchased 14 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The shares were purchased at an average cost of GBX 1,990 per share, for a total transaction of £278.60. Insiders have purchased a total of 11,474 shares of company stock valued at $24,674,470 in the last 90 days. Insiders own 0.58% of the company’s stock.

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.