Johnson Matthey (LON:JMAT) Sets New 52-Week Low - What's Next?

Johnson Matthey PLC (LON:JMAT - Get Free Report)'s stock price reached a new 52-week low during trading on Friday . The company traded as low as GBX 1,312 ($16.30) and last traded at GBX 1,315.29 ($16.34), with a volume of 1451411 shares traded. The stock had previously closed at GBX 1,337 ($16.61).

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Jefferies Financial Group restated a "buy" rating and set a GBX 1,800 ($22.36) price objective on shares of Johnson Matthey in a research note on Tuesday, December 17th. Berenberg Bank dropped their price target on Johnson Matthey from GBX 1,650 ($20.50) to GBX 1,500 ($18.63) and set a "hold" rating on the stock in a research report on Thursday, November 28th.

Johnson Matthey Price Performance

The business has a 50-day simple moving average of GBX 1,427.09 and a two-hundred day simple moving average of GBX 1,534.24. The company has a quick ratio of 0.76, a current ratio of 1.45 and a debt-to-equity ratio of 63.15. The stock has a market capitalization of £2.29 billion, a price-to-earnings ratio of 2,267.75, a P/E/G ratio of 49,242.50 and a beta of 0.95.

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 paid a dividend of GBX 22 ($0.27) per share. The ex-dividend date is Thursday, December 5th. This represents a yield of 1.47%. Johnson Matthey's dividend payout ratio is currently 13,275.86%.

Insider Buying and Selling

In related news, insider Liam Condon bought 27 shares of Johnson Matthey stock in a transaction dated Wednesday, October 16th. The stock was acquired at an average cost of GBX 1,505 ($18.70) per share, with a total value of £406.35 ($504.78). Also, insider Stephen Oxley sold 19,554 shares of Johnson Matthey stock in a transaction dated Friday, October 18th. The stock was sold at an average price of GBX 1,526 ($18.96), for a total value of £298,394.04 ($370,675.83). Insiders have bought a total of 7,458 shares of company stock valued at $10,024,332 over the last three months. Company 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.