Elementis plc (ELM) Stock Rating Reaffirmed by Jefferies Group
Elementis plc (LON:ELM)‘s stock had its “hold” rating reiterated by equities researchers at Jefferies Group in a research report issued on Tuesday. They presently have a GBX 200 ($2.50) target price on the stock. Jefferies Group’s price objective indicates a potential downside of 20.03% from the stock’s current price.
A number of other research firms have also commented on ELM. Numis Securities Ltd lowered Elementis plc to a “hold” rating and set a GBX 210 ($2.62) price objective on the stock. in a research note on Monday, August 8th. Credit Suisse Group AG reaffirmed an “outperform” rating and set a GBX 260 ($3.25) price target on shares of Elementis plc in a research note on Tuesday, August 23rd. Berenberg Bank raised Elementis plc to a “buy” rating and upped their price target for the company from GBX 200 ($2.50) to GBX 270 ($3.37) in a research note on Wednesday, November 9th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 205 ($2.56) price target 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 currently has a consensus rating of “Hold” and a consensus target price of GBX 249.25 ($3.11).
Shares of Elementis plc (LON:ELM) opened at 252.80 on Tuesday. Elementis plc has a 12 month low of GBX 179.60 and a 12 month high of GBX 261.60. The firm’s 50-day moving average price is GBX 228.66 and its 200-day moving average price is GBX 215.97. The firm’s market capitalization is GBX 1.17 billion.
Elementis plc Company Profile
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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