Elementis plc (ELM) Now Covered by UBS AG
Stock analysts at UBS AG initiated coverage on shares of Elementis plc (LON:ELM) in a report released on Monday. The brokerage set a “buy” rating and a GBX 340 ($4.41) price target on the stock. UBS AG’s price objective suggests a potential upside of 22.17% from the stock’s previous close.
Several other brokerages have also recently issued reports on ELM. N+1 Singer restated a “corporate” rating on shares of Elementis plc in a research report on Tuesday, April 25th. Credit Suisse Group reiterated an “outperform” rating on shares of Elementis plc in a research report on Friday, July 21st. Berenberg Bank raised their price target on shares of Elementis plc from GBX 305 ($3.96) to GBX 315 ($4.09) and gave the stock a “hold” rating in a report on Thursday, April 27th. Numis Securities Ltd restated an “add” rating and issued a GBX 331 ($4.30) price target on shares of Elementis plc in a report on Tuesday, April 25th. Finally, Jefferies Group LLC reduced their price target on shares of Elementis plc from GBX 285 ($3.70) to GBX 271 ($3.52) and set a “hold” rating for the company in a report on Wednesday, April 26th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of GBX 316 ($4.10).
Shares of Elementis plc (ELM) opened at 276.70 on Monday. Elementis plc has a one year low of GBX 201.90 and a one year high of GBX 320.68. The company has a 50 day moving average of GBX 293.77 and a 200-day moving average of GBX 293.80. The firm’s market cap is GBX 1.28 billion.
Elementis plc Company Profile
Elementis plc is a United Kingdom-based specialty chemicals company. The Company operates through three segments: Specialty Products, Chromium and Surfactants. The Specialty Products segment provides functional additives to the coatings, personal care and energy markets. It offers rheological additives and modifiers, high performance dispersing agents, organoclays and colorants, defoamers and coalescing agents, wetting and slip agents, loanolin and other natural oil derivatives, flow and leveling additives, other specialty additives and resins.
Receive News & Stock Ratings for Elementis plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Elementis plc and related stocks with our FREE daily email newsletter.