Citi has renewed its coverage of Johnson Matthey PLC with a 'buy' rating and set a target price of £28.50. The bank forecasts a 40% rise in adjusted earnings per share (EPS) for the 2027 financial year, driven by a 16% increase in EBIT and a 21% compound annual growth rate in EPS over five years supported by share buybacks. Strategic moves like selling Catalyst Technologies and acquiring Cormetech have refocused the company on Clean Air emissions catalysts and platinum group metals services, simplifying operations and enhancing growth prospects. Citi also highlights stable vehicle catalyst production and evolving EU regulations as factors supporting durable cash flow and potential upside.
Johnson Matthey's renewed coverage by Citi with a 'buy' rating and £28.50 target price provides context for readers. For those following the Basic Materials sector, here is Pluang's market snapshot as of Oct 16, 2026 18:11 WIB: out of 83 priced US stocks, 48 rose and 28 fell. Notable movers include GFI (Gold Fields Limited) at USD 37.59 with 72% buy orders, LAC (Lithium Americas Corp) at USD 2.27 with 57% sell orders, and STLD (Steel Dynamics Inc.) at USD 243.90 with a typical hold time of 7 days.
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