Johnson Matthey Sells Catalyst Technologies to Honeywell, Boosts Shareholder Returns

An update from Johnson Matthey ( (GB:JMAT) ) is now available.

Johnson Matthey has announced the sale of its Catalyst Technologies business to Honeywell International Inc. for £1.8 billion, aiming to streamline operations and enhance shareholder value. The company’s full-year results showed resilience against market challenges, with plans to increase cash returns to shareholders and focus on growth in clean air and hydrogen technologies.

The most recent analyst rating on (GB:JMAT) stock is a Hold with a £17.00 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 Neutral.

Johnson Matthey’s overall stock score is driven by strong valuation and cash flow generation, tempered by challenges in revenue growth and mixed technical indicators. The company’s strategic initiatives and corporate actions provide a foundation for future improvements, although current market conditions present headwinds.

To see Spark’s full report on GB:JMAT stock, click here.

More about Johnson Matthey

Johnson Matthey is a global leader in sustainable technologies, specializing in products and services that enhance air quality and reduce emissions. The company focuses on clean air, precious metal services, and hydrogen technologies, leveraging its strong market positions to drive sustainable cash generation and shareholder returns.

Average Trading Volume: 750,093

Technical Sentiment Signal: Sell

Current Market Cap: £2.33B

For detailed information about JMAT stock, go to TipRanks’ Stock Analysis page.