Elementis (LON:ELM) Rating Reiterated by UBS Group
UBS Group restated their buy rating on shares of Elementis (LON:ELM) in a report published on Thursday, ThisIsMoney.Co.Uk reports. The brokerage currently has a GBX 200 ($2.61) price objective on the stock, down from their prior price objective of GBX 210 ($2.74).
Several other analysts also recently commented on the company. Credit Suisse Group set a €38.00 ($44.19) price objective on Dialog Semiconductor and gave the stock a buy rating in a research note on Thursday, May 9th. Berenberg Bank increased their price objective on Jupiter Fund Management from GBX 357 ($4.66) to GBX 360 ($4.70) and gave the stock a hold rating in a research note on Tuesday, April 30th. Numis Securities raised Royal Bank of Scotland Group from an add rating to a buy rating in a research note on Wednesday, May 1st. HSBC set a €54.00 ($62.79) price objective on ADO Properties and gave the stock a neutral rating in a research note on Wednesday, May 29th. Finally, JPMorgan Chase & Co. increased their price objective on from GBX 2,300 ($30.05) to GBX 2,900 ($37.89) and gave the stock a neutral rating in a research note on Friday, July 5th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of GBX 217.50 ($2.84).
ELM stock opened at GBX 129.80 ($1.70) on Thursday. The business’s 50 day moving average price is GBX 140.82. Elementis has a fifty-two week low of GBX 128.20 ($1.68) and a fifty-two week high of GBX 259.17 ($3.39). The company has a current ratio of 2.56, a quick ratio of 1.34 and a debt-to-equity ratio of 64.90. The firm has a market cap of $753.35 million and a P/E ratio of 16.43.
Elementis plc manufactures and sells specialty chemicals in North and South America, Europe, and Asia. It operates through Specialty Products and Chromium segments. The Specialty Products segment offers functional additives to the personal care, coatings, and energy end markets, as well as oilfield and construction sectors.
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