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Johnson Matthey ( (GB:JMAT) ) just unveiled an announcement.
Johnson Matthey reported strong half-year results, with a 38% increase in pro forma underlying operating profit, despite a 78% decline in reported operating profit due to prior period disposals. The company is progressing with its transformation into a leaner, cash-generative business, with significant improvements in cash flow and a planned return of £1.4 billion to shareholders. The sale of Catalyst Technologies is on track for completion in 2026, and the company expects to achieve its medium-term targets, including growth in operating profit and enhanced shareholder returns.
The most recent analyst rating on (GB:JMAT) stock is a Buy with a £2365.00 price target. To see the full list of analyst forecasts on Johnson Matthey stock, see the GB:JMAT Stock Forecast page.
Spark’s Take on GB:JMAT Stock
According to Spark, TipRanks’ AI Analyst, GB:JMAT is a Outperform.
Johnson Matthey’s stock score is driven by a positive earnings call outlook and strong valuation metrics. While financial performance shows mixed results, the technical analysis supports a bullish trend. The strategic sale of Catalyst Technologies and commitment to shareholder returns are significant positives.
To see Spark’s full report on GB:JMAT stock, click here.
More about Johnson Matthey
Johnson Matthey is a company operating in the specialty chemicals industry, primarily focusing on clean air technologies, hydrogen technologies, and precious metal services. The company is known for its catalyst technologies and has a significant market focus on environmental and sustainable solutions.
Average Trading Volume: 363,029
Technical Sentiment Signal: Buy
Current Market Cap: £3.51B
For an in-depth examination of JMAT stock, go to TipRanks’ Overview page.