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Prices & Quotes - UK Markets - Johnson Matthey (JMAT)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 3,186.00p
Change Today:
14.00p
Market Cap:
6,338m
Sector:
Chemicals

Barclays downgrades Johnson Matthey to 'underweight'

By Michele Maatouk

Date: Friday 05 Feb 2021

LONDON (ShareCast) - (Sharecast News) - Barclays downgraded specialty chemicals company Johnson Matthey to 'underweight' from 'equalweight' and cut the price target to 2,570p from 2,640p.
The bank said its analysis of the process technology for lithium iron phosphate (LFP) batteries suggests key patents will expire in the next year.

"We believe Chinese producers are not currently beholden to these patents as long as material is used exclusively for the domestic market. That could explain why LFP has become so popular in China but is rarely used elsewhere.

"Expiry of those patents would relieve Chinese producers of the burden of paying royalties on exports, which could trigger expansion into new markets, and there's early evidence that (Chinese batter manufacturer) BYD is already drawing up growth plans."

Barclays said this expansion could shrink total addressable market estimates for producers of high-nickel cathodes such as Johnson Matthey.

"In time, we expect high-nickel pricing in Europe to come under pressure too. JM looks most levered to this risk with valuation close to peak so we downgrade to UW," it said.

At 1010 GMT, the shares were down 2.3% at 2,939p.

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

 

Johnson Matthey Market Data

Currency UK Pounds
Price 3,186.00p
Change Today 14.00p
52 Week High 3,300.00p
52 Week Low 1,845.50p
Volume 514,622
Shares Issued 198.94m
Market Cap 6,338m
Beta 0.00

Performance Indicators

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What The Brokers Say

Strong Buy 7
Buy 1
Neutral 7
Sell 2
Strong Sell 3
Total 20
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
  Interim Final
Ex-Div 26-Nov-20 18-Jun-20
Paid 04-Feb-21 04-Aug-20
Amount 20.00p 31.12p

Trades for 16-Apr-2021

Time Volume / Share Price
16:35 247,584 @ 3,186.00p
16:29 32 @ 3,180.00p
16:29 75 @ 3,180.00p
16:29 39 @ 3,180.00p
16:29 36 @ 3,180.00p

Johnson Matthey Key Personnel

CEO Robert MacLeod
Chair Patrick W. Thomas
CFO Stephen Oxley