Johnson Matthey (LON:JMAT) Reaches New 1-Year Low - Here's Why

Shares of Johnson Matthey PLC (LON:JMAT - Get Free Report) reached a new 52-week low during trading on Friday . The company traded as low as GBX 1,312 ($16.02) and last traded at GBX 1,312 ($16.02), with a volume of 487292 shares. The stock had previously closed at GBX 1,340 ($16.36).

Analyst Ratings Changes

JMAT has been the topic of a number of research reports. Jefferies Financial Group reissued a "buy" rating and set a GBX 1,800 ($21.98) target price on shares of Johnson Matthey in a report on Tuesday, December 17th. Berenberg Bank dropped their price target on shares of Johnson Matthey from GBX 1,650 ($20.15) to GBX 1,500 ($18.32) and set a "hold" rating on the stock in a research report on Thursday, November 28th.

Johnson Matthey Trading Down 2.1 %

The stock has a market capitalization of £2.29 billion, a PE ratio of 2,262.07, a price-to-earnings-growth ratio of 49,242.50 and a beta of 0.95. The company has a current ratio of 1.45, a quick ratio of 0.76 and a debt-to-equity ratio of 63.15. The firm has a 50-day moving average price of GBX 1,412.66 and a 200-day moving average price of GBX 1,526.18.

Johnson Matthey Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, February 4th. Shareholders of record on Thursday, December 5th will be issued a dividend of GBX 22 ($0.27) per share. This represents a yield of 1.47%. The ex-dividend date of this dividend is Thursday, December 5th. Johnson Matthey's dividend payout ratio (DPR) is 13,275.86%.

Insider Activity

In related news, insider Liam Condon bought 27 shares of the business's stock in a transaction on Wednesday, October 16th. The stock was acquired at an average price of GBX 1,505 ($18.38) per share, for a total transaction of £406.35 ($496.15). Also, insider Stephen Oxley purchased 7,407 shares of the stock in a transaction dated Wednesday, November 27th. The stock was purchased at an average cost of GBX 1,343 ($16.40) per share, for a total transaction of £99,476.01 ($121,460.33). Insiders have bought 7,458 shares of company stock valued at $10,024,332 in the last 90 days. Insiders own 0.61% 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.