Johnson Matthey (LON:JMAT) Hits New 1-Year Low – Here’s What Happened

Johnson Matthey PLC (LON:JMAT) shares reached a new 52-week low 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 traded. The stock had previously closed at GBX 1,335 ($16.78).

Wall Street Analysts Forecast Growth

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

Johnson Matthey Stock Performance

The stock’s fifty day simple moving average is GBX 1,463.43 and its two-hundred day simple moving average is GBX 1,563.31. The company has a market cap 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. The company has a debt-to-equity ratio of 63.15, a quick ratio of 0.76 and a current ratio of 1.45.

Johnson Matthey Cuts Dividend

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

Insiders Place Their Bets

In other Johnson Matthey news, insider Liam Condon acquired 27 shares of the firm’s stock in a transaction on Wednesday, October 16th. The stock was bought at an average cost of GBX 1,505 ($18.91) per share, for a total transaction of £406.35 ($510.68). Also, insider Stephen Oxley bought 7,407 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was acquired at an average cost of GBX 1,343 ($16.88) per share, for a total transaction of £99,476.01 ($125,016.98). Insiders bought 7,458 shares of company stock worth $10,024,332 over the last three months. 0.61% of the stock is owned by 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.