Elementis plc (ELM) Receives GBX 240 Consensus PT from Analysts

Elementis plc (LON:ELM) has been given an average rating of “Buy” by the six research firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is GBX 240 ($3.14).

A number of brokerages have commented on ELM. HSBC lowered shares of Elementis to a “hold” rating and decreased their price objective for the stock from GBX 200 ($2.61) to GBX 185 ($2.42) in a report on Tuesday, March 19th. Credit Suisse Group reduced their target price on shares of Elementis from GBX 290 ($3.79) to GBX 270 ($3.53) and set an “outperform” rating on the stock in a research note on Friday, March 15th. UBS Group reaffirmed a “buy” rating and issued a GBX 250 ($3.27) target price (down previously from GBX 290 ($3.79)) on shares of Elementis in a research note on Wednesday, March 13th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 225 ($2.94) target price on shares of Elementis in a research note on Thursday, March 7th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Elementis from GBX 290 ($3.79) to GBX 225 ($2.94) and set an “overweight” rating on the stock in a research note on Friday, December 7th.

LON:ELM traded up GBX 1.60 ($0.02) during mid-day trading on Wednesday, reaching GBX 162.50 ($2.12). 1,088,972 shares of the company were exchanged, compared to its average volume of 1,190,000. Elementis has a 12 month low of GBX 149.70 ($1.96) and a 12 month high of GBX 280.77 ($3.67). The company has a quick ratio of 1.42, a current ratio of 2.56 and a debt-to-equity ratio of 64.90. The firm has a market cap of $941.81 million and a P/E ratio of 20.57.

The firm also recently announced a dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, May 2nd will be paid a GBX 4.26 ($0.06) dividend. This represents a dividend yield of 2.58%. The ex-dividend date of this dividend is Thursday, May 2nd. This is a positive change from Elementis’s previous dividend of $2.24. Elementis’s dividend payout ratio (DPR) is 0.76%.

Elementis Company Profile

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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Analyst Recommendations for Elementis (LON:ELM)

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