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

Johnson Matthey PLC (LON:JMAT) shares hit a new 52-week low during trading on Friday . The company traded as low as GBX 1,313 ($16.50) and last traded at GBX 1,313 ($16.50), with a volume of 136219 shares trading hands. The stock had previously closed at GBX 1,335 ($16.78).

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,800 ($22.62) price target on shares of Johnson Matthey in a research report on Tuesday, December 17th. Berenberg Bank decreased their price objective on shares of Johnson Matthey from GBX 1,650 ($20.74) to GBX 1,500 ($18.85) and set a “hold” rating for the company in a report on Thursday, November 28th.

Johnson Matthey Stock Performance

The company has a current ratio of 1.45, a quick ratio of 0.76 and a debt-to-equity ratio of 63.15. The company has a 50-day moving average of GBX 1,463.43 and a 200-day moving average of GBX 1,563.31. The firm has a market capitalization of £2.33 billion, a price-to-earnings ratio of 2,303.45, a price-to-earnings-growth ratio of 49,242.50 and a beta of 0.95.

Johnson Matthey Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, February 4th. Stockholders of record on Thursday, December 5th will be issued a GBX 22 ($0.28) dividend. This represents a dividend yield of 1.47%. The ex-dividend date is Thursday, December 5th. Johnson Matthey’s dividend payout ratio (DPR) is presently 13,275.86%.

Insider Buying and Selling

In other Johnson Matthey news, insider Liam Condon purchased 27 shares of Johnson Matthey stock in a transaction on Wednesday, October 16th. The stock was bought at an average price of GBX 1,505 ($18.91) per share, for a total transaction of £406.35 ($510.68). Also, insider Stephen Oxley sold 19,554 shares of the firm’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of GBX 1,526 ($19.18), for a total value of £298,394.04 ($375,008.22). Insiders have acquired a total of 7,458 shares of company stock worth $10,024,332 over the last quarter. 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.