Johnson Matthey (LON:JMAT) Reaches New 12-Month Low – Here’s Why

Shares of Johnson Matthey PLC (LON:JMAT) hit a new 52-week low during trading on Friday . The stock traded as low as GBX 1,312 ($16.14) and last traded at GBX 1,312 ($16.14), with a volume of 487292 shares traded. The stock had previously closed at GBX 1,340 ($16.49).

Analysts Set New Price Targets

A number of equities analysts recently commented on JMAT shares. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,800 ($22.15) price target on shares of Johnson Matthey in a research note on Tuesday, December 17th. Berenberg Bank lowered their price target on Johnson Matthey from GBX 1,650 ($20.30) to GBX 1,500 ($18.46) and set a “hold” rating for the company in a report on Thursday, November 28th.

Johnson Matthey Stock Performance

The company has a market capitalization of £2.29 billion, a price-to-earnings ratio of 2,262.07, a P/E/G ratio of 49,242.50 and a beta of 0.95. The stock has a 50 day simple moving average of GBX 1,412.66 and a 200 day simple moving average of GBX 1,526.18. The company has a quick ratio of 0.76, a current ratio of 1.45 and a debt-to-equity ratio of 63.15.

Johnson Matthey Cuts Dividend

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

Insider Buying and Selling at Johnson Matthey

In related news, insider Stephen Oxley sold 19,554 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of GBX 1,526 ($18.78), for a total transaction of £298,394.04 ($367,163.82). Also, insider Liam Condon purchased 27 shares of the firm’s stock in a transaction on Wednesday, October 16th. The shares were purchased at an average cost of GBX 1,505 ($18.52) per share, with a total value of £406.35 ($500.00). Over the last 90 days, insiders have bought 7,458 shares of company stock worth $10,024,332. 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.