Johnson Matthey (LON:JMAT) Hits New 12-Month Low - Should You Sell?

Key Points

• Johnson Matthey fell to a new 52-week low of GBX 2,218 before closing at GBX 2,226, down from the previous close of GBX 2,242.
• Analysts remain generally positive, with four Buy ratings and two Holds producing a “Moderate Buy” consensus and an average price target of GBX 2,283.33.
• Insiders have recently purchased shares, including acquisitions by Richard Pike and Alastair Judge; insiders bought 90 shares worth approximately £178,458 over the past three months.

Johnson Matthey PLC (LON:JMAT - Get Free Report) reached 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 trading hands. The stock had previously closed at GBX 2,242.

Analyst Upgrades and Downgrades

JMAT has been the subject of a number of analyst reports. Berenberg Bank raised their price target on shares of 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. Jefferies Financial Group reissued a "buy" rating and issued a GBX 2,330 target price on shares of Johnson Matthey in a report on Tuesday, August 4th. 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. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 2,400 price target on shares of Johnson Matthey in a research note on Monday, July 6th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of GBX 2,283.33.

Johnson Matthey Price Performance

The stock has a market capitalization of £3.74 billion, a P/E ratio of -38.95, a PEG ratio of 49,242.50 and a beta of 0.94. The company's 50 day simple moving average is GBX 2,066.80 and its two-hundred day simple moving average is GBX 2,054.25. 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 Buying and Selling

In other Johnson Matthey news, insider Richard Pike acquired 14 shares of the business's stock in a transaction on Wednesday, June 10th. The stock was purchased at an average price of GBX 1,990 per share, for a total transaction of £278.60. Also, insider Alastair Judge acquired 12 shares of Johnson Matthey stock in a transaction on Wednesday, August 12th. The stock was acquired at an average cost of GBX 2,193 per share, for a total transaction of £263.16. Insiders have acquired a total of 90 shares of company stock worth $178,458 in the last three months. 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.

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