Elementis plc (ELM) Upgraded at Berenberg Bank
Berenberg Bank upgraded shares of Elementis plc (LON:ELM) to a buy rating in a report published on Wednesday. Berenberg Bank currently has GBX 270 ($3.34) price target on the stock, up from their previous price target of GBX 200 ($2.48).
A number of other brokerages also recently commented on ELM. Credit Suisse Group AG restated an outperform rating and issued a GBX 285 ($3.53) target price on shares of Elementis plc in a research note on Monday, October 31st. Numis Securities Ltd upped their target price on shares of Elementis plc from GBX 210 ($2.60) to GBX 261 ($3.23) and gave the stock a hold rating in a research note on Tuesday, November 1st. Finally, JPMorgan Chase & Co. restated a neutral rating and issued a GBX 205 ($2.54) target price on shares of Elementis plc in a research note on Wednesday, August 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of GBX 248.63 ($3.08).
Shares of Elementis plc (LON:ELM) opened at 253.60 on Wednesday. Elementis plc has a 12 month low of GBX 179.60 and a 12 month high of GBX 259.30. The company’s 50 day moving average is GBX 225.66 and its 200 day moving average is GBX 215.60. The company’s market cap is GBX 1.17 billion.
About Elementis plc
Elementis plc is a United Kingdom-based specialty chemicals company. The Company operates through three segments: Specialty Products, Surfactants and Chromium. Its Specialty Products segment is engaged in the production of rheological and other specialty additives, compounded products and colorants. Its Surfactants segment is engaged in the production of surface active ingredients.
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