Johnson Matthey (LON:JMAT) Reaches New 1-Year Low – What’s Next?

Johnson Matthey PLC (LON:JMAT)’s share price reached a new 52-week low on Friday . The company 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).

Analyst Upgrades and Downgrades

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

Johnson Matthey Price Performance

The company has a debt-to-equity ratio of 63.15, a current ratio of 1.45 and a quick ratio of 0.76. The company’s 50-day moving average is GBX 1,412.66 and its 200-day moving average is GBX 1,526.18. The firm has a market capitalization of £2.29 billion, a price-to-earnings ratio of 2,262.07, a PEG ratio of 49,242.50 and a beta of 0.95.

Johnson Matthey Cuts Dividend

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

Insider Buying and Selling

In related news, insider Liam Condon purchased 27 shares of Johnson Matthey stock in a transaction that occurred 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). Also, insider Stephen Oxley acquired 7,407 shares of the stock in a transaction on Wednesday, November 27th. The stock was purchased at an average cost of GBX 1,343 ($16.53) per share, with a total value of £99,476.01 ($122,401.88). In the last ninety days, insiders have bought 7,458 shares of company stock valued at $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.