Johnson Matthey PLC

JMAT: XLON (GBR)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	GBP 2,648.46	Dpvxk	Bdsn

Johnson Matthey's Trading Update Broadly In Line; Shares Fairly Valued

Rob Hales

Apr 8, 2022

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.

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