Johnson Matthey (JMAT)

Sector:

Industrial Chemicals

Index:

FTSE 250

 1,700.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 1,870.00
  • 52 Week Low: 1,446.50
  • Currency: UK Pounds
  • Shares Issued: 192.48m
  • Volume: 0
  • Market Cap: £3,272.10m
  • RiskGrade: 168

Berenberg hikes target price on Johnson Matthey

By Iain Gilbert

Date: Tuesday 09 Apr 2024

LONDON (ShareCast) - (Sharecast News) - Analysts at Berenberg raised their target price on diversified chemicals business Johnson Matthey from 1,650.0p to 1,800.0p on Tuesday but said the performance of its shares will likely depend on three factors.
Firstly, Berenberg said the rate of decline in its legacy autocatalysts and platinum group metal-refining business looked set to be a major part of the investment puzzle, as was the group's self-help and portfolio management, and the success of its growth segments - catalyst technologies and hydrogen technologies.

The German bank stated that prospects for the first two factors have "improved markedly" since its downgrade of the stock on October 2023. However, it also noted that the late-cycle nature of the legacy sales base in the catalyst technologies segment and well-publicised headwinds to the adoption of green hydrogen, left it "more cautious" about the development of Johnson Matthey's growth segments over the next year.

"The over 10% increases to our EPS estimates for FY25 and FY26 reflect: (i) the £250.0m buyback announced following notice of divestments; and (ii) higher margins in JMAT's Clean Air segment. Shares trade on 6.5x 2025 EV/EBITDA," said Berenberg, as it reiterated its 'hold' rating on the stock.









Reporting by Iain Gilbert at Sharecast.com

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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 1,700.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 1,870.00
52 Week Low 1,446.50
Volume 0
Shares Issued 192.48m
Market Cap £3,272.10m
RiskGrade 168

Johnson Matthey Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
56.48% above the market average56.48% above the market average56.48% above the market average56.48% above the market average56.48% above the market average
62.50% above the sector average62.50% above the sector average62.50% above the sector average62.50% above the sector average62.50% above the sector average
Price Trend
19.95% below the market average19.95% below the market average19.95% below the market average19.95% below the market average19.95% below 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
Income
52.34% above the market average52.34% above the market average52.34% above the market average52.34% above the market average52.34% above the market average
66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average
Growth
93.45% below the market average93.45% below the market average93.45% below the market average93.45% below the market average93.45% 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 --2024

Time Volume / Share Price
0 @ 0.000p

Johnson Matthey Key Personnel

Chair Patrick W. Thomas
CFO Stephen Oxley
CEO Liam Condon

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