Johnson Matthey PLC
JMAT: XLON (GBR)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
£1,578.79 | Lth | Hkfw |
Johnson Matthey's Trading Update Broadly In Line; Shares Fairly Valued
Narrow-moat Johnson Matthey announced a preclose trading update on its full-year results. Hard numbers were scant, but commentary indicated that financial performance is broadly in line with market expectations. We don’t expect to make a material change to our GBX 2,200 fair value estimate. At current levels, the shares look fairly valued.