Johnson Matthey (LON:JMAT) Hits New 52-Week Low – Time to Sell?

Johnson Matthey PLC (LON:JMAT) hit a new 52-week low on Thursday . The company traded as low as GBX 2,218 and last traded at GBX 2,226, with a volume of 282887 shares. The stock had previously closed at GBX 2,242.

Analyst Upgrades and Downgrades

Several research firms have recently commented on JMAT. Jefferies Financial Group reissued a “buy” rating and set a GBX 2,330 price target on shares of Johnson Matthey in a research note on Tuesday, August 4th. Berenberg Bank increased their price objective on Johnson Matthey from GBX 2,100 to GBX 2,300 and gave the company a “buy” rating in a research report on Monday, June 1st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 2,400 target price on shares of Johnson Matthey in a research note on Monday, July 6th. Finally, 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. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Johnson Matthey has a consensus rating of “Moderate Buy” and an average price target of GBX 2,283.33.

Johnson Matthey Trading Down 0.6%

The business has a 50 day moving average of GBX 2,066.80 and a 200 day moving average of GBX 2,054.25. The firm has a market capitalization of £3.74 billion, a price-to-earnings ratio of -38.95, a PEG ratio of 49,242.50 and a beta of 0.94. The company has a debt-to-equity ratio of 69.69, a current ratio of 1.56 and a quick ratio of 0.76.

Insider Transactions at Johnson Matthey

In other news, insider Alastair Judge purchased 14 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The shares were acquired at an average cost of GBX 1,990 per share, for a total transaction of £278.60. Also, insider Liam Condon acquired 14 shares of Johnson Matthey stock in a transaction that occurred on Friday, July 10th. The shares were purchased at an average cost of GBX 1,909 per share, for a total transaction of £267.26. In the last ninety days, insiders purchased 90 shares of company stock worth $178,458. 0.58% 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. 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.