Johnson Matthey (LON:JMAT) Reaches New 12-Month Low - What's Next?

Key Points

• Johnson Matthey shares fell to a new 52-week low, trading as low as GBX 2,224 before closing near GBX 2,230, below the previous close of GBX 2,266.
• Analysts remain cautiously positive, with a consensus rating of “Moderate Buy” and an average price target of GBX 2,283.33; targets range from GBX 2,200 to GBX 2,400.
• The company reported quarterly EPS of GBX 128.50 but posted a negative net margin of 0.76% and negative return on equity of 4.66%. Insiders have bought 11,474 shares in the past 90 days, indicating some internal confidence.

Johnson Matthey PLC (LON:JMAT - Get Free Report)'s stock price hit a new 52-week low on Thursday . The stock traded as low as GBX 2,224 and last traded at GBX 2,230, with a volume of 375370 shares changing hands. The stock had previously closed at GBX 2,266.

Wall Street Analysts Forecast Growth

JMAT has been the subject of several recent analyst reports. UBS Group restated a "neutral" rating and issued a GBX 2,200 target price on shares of Johnson Matthey in a research report on Friday, May 22nd. Berenberg Bank boosted their price objective 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. Jefferies Financial Group restated a "buy" rating and issued a GBX 2,330 target price on shares of Johnson Matthey in a research report on Tuesday, August 4th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 2,400 target price on shares of Johnson Matthey in a research note on Monday, July 6th. Four equities research 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 stock currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 2,283.33.

Johnson Matthey Price Performance

The company has a market capitalization of £3.74 billion, a P/E ratio of -38.92, a P/E/G ratio of 49,242.50 and a beta of 0.94. The business's 50-day simple moving average is GBX 2,051.08 and its 200 day simple moving average is GBX 2,056.39. The company has a current ratio of 1.56, a quick ratio of 0.76 and a debt-to-equity ratio of 69.69.

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

Insider Transactions at Johnson Matthey

In other news, insider Richard Pike acquired 14 shares of the company's stock in a transaction dated Wednesday, June 10th. The shares were bought at an average price of GBX 1,990 per share, with a total value of £278.60. Also, insider Liam Condon acquired 4,500 shares of the business's stock in a transaction dated Monday, June 1st. The stock was purchased at an average price of GBX 2,127 per share, with a total value of £95,715. In the last 90 days, insiders bought 11,474 shares of company stock valued at $24,674,470. Company 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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