Johnson Matthey (LON:JMAT) Hits New 1-Year Low – Time to Sell?

Johnson Matthey PLC (LON:JMAT) hit a new 52-week low during trading on Friday . The stock traded as low as GBX 2,218 and last traded at GBX 2,237, with a volume of 17576 shares traded. The stock had previously closed at GBX 2,248.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on JMAT shares. UBS Group restated a “neutral” rating and set a GBX 2,200 price target on shares of Johnson Matthey in a research report on Friday, May 22nd. Berenberg Bank boosted their price objective on 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 reissued a “buy” rating and issued a GBX 2,400 price objective on shares of Johnson Matthey in a research note on Monday, July 6th. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 2,330 target price on shares of Johnson Matthey in a research note on Tuesday, August 4th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Johnson Matthey currently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,283.33.

Johnson Matthey Trading Down 0.4%

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 company has a market capitalization of £2.83 billion, a price-to-earnings ratio of -29.37, a price-to-earnings-growth ratio of 49,242.50 and a beta of 0.94. The firm has a fifty day moving average price of GBX 2,106.64 and a 200-day moving average price of GBX 2,053.58.

Insider Transactions at Johnson Matthey

In other news, insider Alastair Judge bought 12 shares of the company’s stock in a transaction dated Wednesday, August 12th. The stock was bought at an average cost of GBX 2,193 per share, for a total transaction of £263.16. Also, insider Liam Condon purchased 14 shares of the business’s stock in a transaction dated Friday, July 10th. The shares were purchased at an average cost of GBX 1,909 per share, with a total value of £267.26. Insiders have acquired 50 shares of company stock worth $98,858 over the last quarter. Corporate insiders own 0.74% 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.