Johnson Matthey (LON:JMAT) Sets New 12-Month Low – What’s Next?

Johnson Matthey PLC (LON:JMAT)’s share price reached a new 52-week low during trading on Friday . The stock traded as low as GBX 1,312 ($16.24) and last traded at GBX 1,315.29 ($16.28), with a volume of 1451411 shares changing hands. The stock had previously closed at GBX 1,337 ($16.55).

Wall Street Analyst Weigh In

Several research firms recently commented on JMAT. Berenberg Bank dropped their price objective on Johnson Matthey from GBX 1,650 ($20.42) to GBX 1,500 ($18.57) and set a “hold” rating on the stock in a research note on Thursday, November 28th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,800 ($22.28) price target on shares of Johnson Matthey in a research report on Tuesday, December 17th.

Johnson Matthey Stock Down 1.6 %

The stock has a market cap of £2.29 billion, a P/E ratio of 2,267.75, a P/E/G ratio of 49,242.50 and a beta of 0.95. The company has a quick ratio of 0.76, a current ratio of 1.45 and a debt-to-equity ratio of 63.15. The company has a 50-day simple moving average of GBX 1,431.20 and a two-hundred day simple moving average of GBX 1,536.99.

Johnson Matthey Cuts Dividend

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

Insider Buying and Selling at Johnson Matthey

In related news, insider Stephen Oxley sold 19,554 shares of Johnson Matthey stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of GBX 1,526 ($18.89), for a total transaction of £298,394.04 ($369,345.27). Also, insider Liam Condon acquired 27 shares of the stock in a transaction on Wednesday, October 16th. The shares were purchased at an average cost of GBX 1,505 ($18.63) per share, with a total value of £406.35 ($502.97). Over the last quarter, insiders have bought 7,458 shares of company stock worth $10,024,332. 0.61% of the stock is currently 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.