Elementis plc (ELM) Receives GBX 316 Consensus Price Target from Analysts
Shares of Elementis plc (LON:ELM) have earned an average rating of “Hold” from the seven brokerages that are covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is GBX 316 ($4.16).
Several equities research analysts have issued reports on the company. Numis Securities Ltd raised their target price on Elementis plc from GBX 331 ($4.35) to GBX 335 ($4.41) and gave the stock an “add” rating in a research note on Friday, August 4th. J P Morgan Chase & Co raised their target price on Elementis plc from GBX 275 ($3.62) to GBX 285 ($3.75) and gave the stock a “neutral” rating in a research note on Thursday, August 3rd. UBS AG assumed coverage on Elementis plc in a research note on Monday, August 21st. They set a “buy” rating and a GBX 340 ($4.47) target price for the company. Finally, Credit Suisse Group reissued an “outperform” rating and set a GBX 350 ($4.60) target price on shares of Elementis plc in a research note on Friday, October 27th.
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Elementis plc (LON ELM) traded down GBX 1.50 ($0.02) during mid-day trading on Friday, reaching GBX 261.10 ($3.43). The company’s stock had a trading volume of 639,043 shares, compared to its average volume of 618,110. Elementis plc has a one year low of GBX 247.30 ($3.25) and a one year high of GBX 320.68 ($4.22).
In other news, insider Dorothee Deuring purchased 10,000 shares of the stock in a transaction dated Tuesday, September 5th. The stock was acquired at an average cost of GBX 275 ($3.62) per share, for a total transaction of £27,500 ($36,169.93).
About Elementis plc
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.
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