Johnson Matthey (LON:JMAT) Reaches New 52-Week Low - Should You Sell?

Key Points

• Johnson Matthey shares fell to a new 52-week low, trading as low as GBX 2,175 compared with a prior close of GBX 2,928—a decline of about 23%.
• Analyst sentiment remains generally positive, with four Buy ratings and two Hold ratings; the average price target is GBX 2,283.33, implying limited upside from the latest price of GBX 2,254.
• The company reported GBX 128.50 quarterly EPS but posted negative return on equity and net margin. Insiders have nevertheless bought shares recently, including 11,474 shares purchased over the past 90 days.

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

Wall Street Analyst Weigh In

Several equities analysts have issued reports on JMAT shares. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a GBX 2,400 price objective on shares of Johnson Matthey in a research note on Monday, July 6th. Berenberg Bank lifted their target price on Johnson Matthey from GBX 2,100 to GBX 2,300 and gave the stock a "buy" rating in a research report on Monday, June 1st. UBS Group reissued a "neutral" rating and issued a GBX 2,200 target price on shares of Johnson Matthey in a report on Friday, May 22nd. Finally, Jefferies Financial Group reissued a "buy" rating and issued a GBX 2,330 target price on shares of Johnson Matthey in a research report on Tuesday, August 4th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of GBX 2,283.33.

Johnson Matthey Stock Down 23.0%

The firm has a market capitalization of £3.78 billion, a PE ratio of -39.41, a PEG ratio of 49,242.50 and a beta of 0.94. The business's fifty day moving average price is GBX 2,018 and its 200 day moving average price is GBX 2,061.46. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 69.69.

Johnson Matthey (LON:JMAT - Get Free Report) last released its quarterly earnings results on Thursday, May 28th. The company reported GBX 128.50 earnings per share (EPS) for the quarter. The firm had revenue of GBX 1,257.30 billion for the quarter. Johnson Matthey had a negative return on equity of 4.66% and a negative net margin of 0.76%. On average, equities research analysts forecast that Johnson Matthey PLC will post 173.4112903 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Richard Pike bought 14 shares of the company's stock in a transaction dated Wednesday, June 10th. The shares were acquired at an average price of GBX 1,990 per share, with a total value of £278.60. Also, insider Alastair Judge purchased 12 shares of the business's stock in a transaction dated Wednesday, August 12th. The shares were bought at an average price of GBX 2,193 per share, with a total value of £263.16. Insiders purchased a total of 11,474 shares of company stock valued at $24,674,470 over the last 90 days. 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.

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