Johnson Matthey (JMAT)

Sector:

Industrial Chemicals

Index:

FTSE 250

1,619.00p
   
  • Change Today:
    -13.00p
  • 52 Week High: 1,870.00
  • 52 Week Low: 1,446.50
  • Currency: UK Pounds
  • Shares Issued: 193.59m
  • Volume: 1,357,405
  • Market Cap: £3,134.22m
  • RiskGrade: 168

Jefferies downgrades Johnson Matthey

By Michele Maatouk

Date: Thursday 14 Oct 2021

LONDON (ShareCast) - (Sharecast News) - Jefferies downgraded Johnson Matthey to 'underperform' from 'buy' on Thursday and cut the price target to 2,300p from 4,200p, saying it expects the shares to underperform as the company's automotive catalyst business remains weak.
The bank said earnings growth from battery cathode materials and hydrogen will fail to compensate for this.

"We are around 4% below consensus for the next three years, which we believe do not full reflect the delay/downgrade to the auto recovery," it said.

Jefferies noted that the stock trades on 7x EV/EBITDA, which is a 28% discount to peers. "However, we prefer non-technically disrupted cyclicals such as buy-rated BASF trading at a 5% discount to JMAT," it said.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Johnson Matthey Market Data

Currency UK Pounds
Share Price 1,619.00p
Change Today -13.00p
% Change -0.80 %
52 Week High 1,870.00
52 Week Low 1,446.50
Volume 1,357,405
Shares Issued 193.59m
Market Cap £3,134.22m
RiskGrade 168

Johnson Matthey Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
56.26% above the market average56.26% above the market average56.26% above the market average56.26% above the market average56.26% above the market average
52.94% above the sector average52.94% above the sector average52.94% above the sector average52.94% above the sector average52.94% above the sector average
Price Trend
21.6% below the market average21.6% below the market average21.6% below the market average21.6% below the market average21.6% below the market average
64.71% above the sector average64.71% above the sector average64.71% above the sector average64.71% above the sector average64.71% above the sector average
Income
54.60% above the market average54.60% above the market average54.60% above the market average54.60% above the market average54.60% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Growth
92.99% below the market average92.99% below the market average92.99% below the market average92.99% below the market average92.99% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average

What The Brokers Say

Strong Buy 3
Buy 1
Neutral 6
Sell 2
Strong Sell 0
Total 12
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Johnson Matthey Dividends

  Latest Previous
  Final Interim
Ex-Div 06-Jun-24 30-Nov-23
Paid 06-Aug-24 06-Feb-24
Amount 55.00p 22.00p

Trades for 11-Jun-2024

Time Volume / Share Price
17:23 479 @ 1,619.00p
17:23 11,088 @ 1,619.00p
17:23 8,776 @ 1,619.00p
17:23 7,233 @ 1,619.00p
17:20 14,908 @ 1,619.00p

Johnson Matthey Key Personnel

Chair Patrick W. Thomas
CFO Stephen Oxley
CEO Liam Condon

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