Johnson Matthey rises; Berenberg upgrades stock to 'buy'

Johnson Matthey

05/01/2026 08:20

** British chemicals co Johnson Matthey JMAT.L rises 5.13% to 2,296p premarket

** Berenberg upgrades to "buy" from "hold"; raises PT to 2,550p from 2,050p

** Says, "Johnson Matthey remains one of the few names in the European chemicals sector, where upgrades to consensus EBIT are distinctly more plausible than downgrades in 2026"

** Adds stock moved closely in line with U.S. real yields over past year, so shares might stay strong like gold

** Stock rated "buy" on avg; median PT is 2,200p, per data compiled by LSEG

** JMAT gains ~2.4% YTD, as of last close

 (Reporting by Akriti Shah in Bengaluru)

 ((mailto: akriti.shah@thomsonreuters.com))