Croda shares spark as JPMorgan reiterates 'overweight', hikes price target.
Croda shot to the top of the FTSE 100 on Tuesday after JPMorgan reiterated its ‘overweight’ rating on the shares and hiked the price target to 4,000p from 3,600p.
Croda International
10 February 2026 10:49:02
Source: Sharecast
The bank said its bullish stance on Croda was based on the fact that the earnings downgrade cycle is behind us and on expectations that sharpening company execution will drive better organic growth from recent significant organic and inorganic growth investments.
JPM also said that market pessimism on fundamentals appears excessive and that improving earnings growth delivery leaves some room for a re-rating.
"We also expect the new mid-term financial framework, to be announced with FY25 results on 24th February, to reassure," it said.
JPM said it has trimmed its FY26/27 estimated adjusted EBIT and adjusted EPS by 1% to reflect the incremental FX headwind, but its estimates remain higher than consensus.
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