Elementis plc (ELM) Given Average Rating of “Buy” by Brokerages
Elementis plc (LON:ELM) has earned a consensus rating of “Buy” from the seven research firms that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is GBX 324.17 ($4.48).
ELM has been the subject of a number of research reports. Credit Suisse Group cut their target price on shares of Elementis from GBX 350 ($4.84) to GBX 340 ($4.70) and set an “outperform” rating for the company in a research report on Wednesday, February 28th. Jefferies Group upgraded shares of Elementis to a “buy” rating and lifted their target price for the stock from GBX 280 ($3.87) to GBX 330 ($4.56) in a research report on Thursday, March 1st. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 285 ($3.94) target price on shares of Elementis in a research report on Wednesday, February 28th. Berenberg Bank restated a “hold” rating and set a GBX 315 ($4.35) target price on shares of Elementis in a research report on Friday, March 2nd. Finally, Numis Securities restated an “add” rating and set a GBX 335 ($4.63) target price on shares of Elementis in a research report on Tuesday, December 12th.
Shares of Elementis (LON ELM) traded down GBX 4.20 ($0.06) on Friday, reaching GBX 300.80 ($4.16). 450,367 shares of the company’s stock were exchanged, compared to its average volume of 1,190,000. The firm has a market capitalization of $1,450.00 and a PE ratio of 3,342.22. Elementis has a one year low of GBX 255.10 ($3.52) and a one year high of GBX 321.80 ($4.45).
In other news, insider Paul Waterman sold 93,173 shares of Elementis stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of GBX 311 ($4.30), for a total transaction of £289,768.03 ($400,342.68).
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Elementis Company Profile
Elementis plc is a United Kingdom-based specialty chemicals company. The Company operates through two segments: Specialty Products and Chromium. 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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