Johnson Matthey (LON:JMAT) Sets New 1-Year Low – Should You Sell?

Johnson Matthey PLC (LON:JMAT)’s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 2,224 and last traded at GBX 2,230, with a volume of 375370 shares. The stock had previously closed at GBX 2,266.

Wall Street Analysts Forecast Growth

JMAT has been the subject of several research reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 2,400 price objective on shares of Johnson Matthey in a research note on Monday, July 6th. UBS Group reaffirmed a “neutral” rating and set a GBX 2,200 target price on shares of Johnson Matthey in a research report on Friday, May 22nd. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 2,330 target price on shares of Johnson Matthey in a report on Tuesday, August 4th. Finally, Berenberg Bank lifted their price target 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. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,283.33.

Johnson Matthey Trading Down 1.8%

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 firm has a market cap of £3.74 billion, a PE ratio of -38.92, a P/E/G ratio of 49,242.50 and a beta of 0.94. The company’s 50-day moving average is GBX 2,051.08 and its 200 day moving average is GBX 2,056.39.

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

Insiders Place Their Bets

In other Johnson Matthey news, insider Andrew Cosslett bought 6,884 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was acquired at an average price of GBX 2,168 per share, with a total value of £149,245.12. Also, insider Richard Pike bought 14 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The stock was acquired at an average cost of GBX 1,990 per share, with a total value of £278.60. Insiders have purchased 11,474 shares of company stock worth $24,674,470 over the last three months. Company insiders own 0.58% 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.