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

Shares of Johnson Matthey PLC (LON:JMAT) hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 2,175 and last traded at GBX 2,254, with a volume of 194438 shares traded. The stock had previously closed at GBX 2,928.

Analyst Upgrades and Downgrades

JMAT has been the subject of several recent analyst reports. UBS Group restated a “neutral” rating and set a GBX 2,200 target price on shares of Johnson Matthey in a research report on Friday, May 22nd. Berenberg Bank raised their price target on Johnson Matthey from GBX 2,100 to GBX 2,300 and gave the company a “buy” rating in a report on Monday, June 1st. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 2,330 price target on shares of Johnson Matthey in a report on Tuesday, August 4th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 2,400 price target on shares of Johnson Matthey in a research report on Monday, July 6th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Johnson Matthey currently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,283.33.

Johnson Matthey Stock Down 0.4%

The stock’s fifty day moving average price is GBX 2,026.72 and its 200 day moving average price is GBX 2,060.16. The company has a current ratio of 1.56, a quick ratio of 0.76 and a debt-to-equity ratio of 69.69. The stock has a market cap of £3.86 billion, a P/E ratio of -40.20, a price-to-earnings-growth ratio of 49,242.50 and a beta of 0.94.

Johnson Matthey (LON:JMAT) last posted its quarterly earnings data on Thursday, May 28th. The company reported GBX 128.50 earnings per share (EPS) for the quarter. Johnson Matthey had a negative net margin of 0.76% and a negative return on equity of 4.66%. The company had revenue of GBX 1,257.30 billion during the quarter. As a group, research analysts forecast that Johnson Matthey PLC will post 173.4112903 earnings per share for the current fiscal year.

Insider Transactions at Johnson Matthey

In other news, insider Richard Pike purchased 14 shares of the company’s stock in a transaction on Wednesday, June 10th. The stock was purchased at an average price of GBX 1,990 per share, with a total value of £278.60. Also, insider Alastair Judge acquired 12 shares of the business’s stock in a transaction dated Wednesday, August 12th. The stock was purchased at an average price of GBX 2,193 per share, with a total value of £263.16. Over the last ninety days, insiders have acquired 11,474 shares of company stock worth $24,674,470. Company insiders own 0.58% of the company’s stock.

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. 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.