Numis downgrades Johnson Matthey to 'hold' from 'add'
13th Jun 2016 09:12
(ShareCast News) - Johnson Matthey's rating was downgraded to 'hold' from 'add' but its target price was raised to 3,138p by Numis after the company reported its full year results. The speciality chemicals and sustainable technologies group last Thursday reported a 5% decrease in full year pre-tax p
Read moreTuesday broker round-up
7th Jun 2016 16:27
(ShareCast News) - Countrywide: Jefferies reiterates buy with a target price of 600p. Coca-Cola Hbc: Credit Suisse keeps at neutral with a 1500p target. Weir Group: Canaccord upgrades to hold with a target price of 1200p. Johnson Matthey: Berenberg Bank keeps at neutral with a target of 2880p. Sa
Read moreSector movers: Automobile stocks boosted by US sales figures, weak euro
2nd Jun 2016 16:48
(ShareCast News) - Cyclical sectors such as chemicals and automobiles led gainers, alongside a bounce for food&drug retailers and fixed line telecommunications stocks. Shares in Johnson Matthey were the main culprit behind gains in the former, after the chemicals and sustainable technology group exp
Read moreThursday broker round-up
2nd Jun 2016 16:39
(ShareCast News) - Moneysupermarket.com: Jefferies downgrades to hold with a target price of 312p. Wolseley: Canaccord downgrades to hold with a 4200p target, UBS reiterates buy with a target price of 4300p and Credit Suisse stays at outperform with a 4200p target. Daily Mail: Goldman Sachs reitera
Read moreJohnson Matthey full year hit by impairment charge; sees new year in line
2nd Jun 2016 07:30
(ShareCast News) - A £141m impairment and restructuring charge hit pre-tax profits at chemicals and sustainable technology group Johnson Matthey, which fell to £386.3m from £495m in a "difficult macroeconomic environment". Pre-tax profits also include the benefit of the £130m profit on the sale of R
Read moreBroker tips: PZ Cussons, Tesco, Johnson Matthey
14th Apr 2016 13:33
(ShareCast News) - Shares in PZ Cussons were in the red on Thursday as Numis reiterated its 'reduce' rating after the company warned of difficult conditions in its main market of Nigeria. In an update for 27 January to 13 April, Cussons said overall trading has been in line with expectations and the
Read moreJohnson Matthey boosted by Credit Suisse upgrade
14th Apr 2016 09:26
(ShareCast News) - Speciality chemicals group Johnson Matthey got a boost on Thursday as Credit Suisse upgraded the stock to 'outperform' from 'neutral' and lifted the price target to 3,100p from 2,850p. It said the market underestimates the strength of JMAT portfolios and undervalues the structural
Read moreJohnson Matthey FD Den Jones to step down in summer
2nd Mar 2016 07:38
(ShareCast News) - Johnson Matthey said on Wednesday that Den Jones will step down as group finance director this summer. The specialty chemicals group said Jones was leaving for personal reasons and following a mutual agreement with the company. The process to find a successor has begun and an app
Read moreThursday broker round-up
4th Feb 2016 16:07
(ShareCast News) - Coca-Cola HBC: Barclays downgrades to underweight with a target of 1325p. TalkTalk: Goldman Sachs downgrades to neutral with a target of 271p. Paragon Group: JP Morgan downgrades to neutral and sets a 380p target. Antofagasta: Investec reiterates sell with a target of 305p. Ang
Read moreJohnson Matthey sales slip but full year outlook in line
3rd Feb 2016 08:44
(ShareCast News) - Specialty chemicals company Johnson Matthey reported a drop in third quarter sales but said its full year outlook remains in line with market expectations despite challenging conditions. For the quarter ended 31 December, sales nudged down to £736m from £745m the previous year. Gr
Read moreLondon close: Stocks finish up after slate of factory PMIs
1st Oct 2015 16:23
(ShareCast News) - The FTSE ended on a positive note but off its best levels of the day as investors sifted through a batch of manufacturing data in the UK, China and the US. The top flight index edged higher by 10.86 points to finish the session at 6,072.47. Markit's purchasing managers' index on
Read moreLondon midday: Stocks climb as UK, China PMIs beat forecasts
1st Oct 2015 11:14
(ShareCast News) - London stocks climbed on Thursday after better-than-forecast UK and Chinese manufacturing data. Markit's purchasing managers' index on UK manufacturing fell to 51.5 in September from a revised reading of 51.6 in August, although it beat analysts' estimates of 51.3 and was above th
Read moreJohnson Matthey completes sale of chemical research business
1st Oct 2015 07:22
(ShareCast News) - Johnson Matthey has completed the sale of its Alfa Aesar Research Chemicals business to Thermo Fisher Scientific for £256m in cash, the company said on Thursday. Chief executive Robert MacLeod said the sale, announced in June, was "a further step in delivering our long term strate
Read moreFTSE 100 movers: ARM, Johnson Matthey and Unilever boosted by upbeat broker notes
25th Sep 2015 15:59
(ShareCast News) - London's FTSE was firmly in the black on Friday, bouncing back as Federal Reserve chairwoman Janet Yellen's argument in favour of raising interest rates this year alleviated concerns about the economic outlook. At 1613 BST, the FTSE 100 index was up 2.6% at 6,115.49. ARM Holdings,
Read moreRedburn upgrades Johnson Matthey; says selloff on VW woes is overdone
25th Sep 2015 15:07
(ShareCast News) - Redburn upgraded Johnson Matthey to 'buy' from 'neutral' saying the 35% year-to-date share price decline exaggerates the risk of a technology shift. It said the Volkswagen emissions scandal has ignited the ongoing debate over automotive emissions and in particular those from diese
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