Johnson Matthey (LON:JMAT) Shares Down 15.4% – Time to Sell?

Johnson Matthey PLC (LON:JMAT)’s share price traded down 15.4% during mid-day trading on Monday . The stock traded as low as GBX 1,902.82 and last traded at GBX 1,958.50. 5,292,652 shares were traded during trading, an increase of 73% from the average session volume of 3,052,183 shares. The stock had previously closed at GBX 2,316.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on JMAT shares. Panmure Gordon reaffirmed a “buy” rating and issued a GBX 2,370 target price on shares of Johnson Matthey in a report on Monday, November 24th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Johnson Matthey from GBX 2,300 to GBX 2,400 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. Finally, Berenberg Bank cut their target price on shares of Johnson Matthey from GBX 2,100 to GBX 2,050 and set a “hold” rating for the company in a research note on Tuesday, November 25th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 2,268.

Johnson Matthey Trading Down 15.4%

The company’s 50-day moving average is GBX 2,276.57 and its 200-day moving average is GBX 2,097.64. The company has a debt-to-equity ratio of 62.73, a quick ratio of 0.76 and a current ratio of 1.45. The firm has a market cap of £3.28 billion, a price-to-earnings ratio of -29.72, a P/E/G ratio of 49,242.50 and a beta of 0.95.

Johnson Matthey (LON:JMAT) last announced its earnings results on Thursday, November 20th. The company reported GBX 51.20 earnings per share for the quarter. Johnson Matthey had a net margin of 0.84% and a return on equity of 4.49%. On average, research analysts predict that Johnson Matthey PLC will post 173.4112903 earnings per share for the current year.

Insider Activity at Johnson Matthey

In other news, insider Liam Condon bought 14 shares of the company’s stock in a transaction dated Wednesday, December 10th. The stock was bought at an average price of GBX 2,013 per share, for a total transaction of £281.82. Also, insider Alastair Judge purchased 12 shares of the business’s stock in a transaction dated Tuesday, January 13th. The shares were purchased at an average cost of GBX 2,321 per share, for a total transaction of £278.52. Insiders purchased a total of 56 shares of company stock valued at $126,084 in the last 90 days. 0.50% of the stock is currently owned by corporate insiders.

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.