Elementis (ELM) Sets New 1-Year Low at $149.20

Elementis plc (LON:ELM)’s share price hit a new 52-week low on Friday . The stock traded as low as GBX 149.20 ($1.95) and last traded at GBX 150.20 ($1.96), with a volume of 224075 shares changing hands. The stock had previously closed at GBX 153.30 ($2.00).

Several equities analysts have recently weighed in on the company. Credit Suisse Group decreased their price objective on Elementis from GBX 290 ($3.79) to GBX 270 ($3.53) and set an “outperform” rating for the company in a report on Friday, March 15th. UBS Group restated a “buy” rating on shares of Elementis in a report on Wednesday, March 6th. HSBC cut Elementis to a “hold” rating and decreased their price objective for the company from GBX 200 ($2.61) to GBX 185 ($2.42) in a report on Tuesday, March 19th. Numis Securities restated a “buy” rating on shares of Elementis in a report on Wednesday, May 1st. Finally, Berenberg Bank decreased their price objective on Elementis from GBX 225 ($2.94) to GBX 210 ($2.74) and set a “buy” rating for the company in a report on Tuesday, April 30th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of GBX 225.83 ($2.95).

The company has a debt-to-equity ratio of 64.90, a quick ratio of 1.34 and a current ratio of 2.56. The stock has a market capitalization of $870.45 million and a PE ratio of 19.01.

The business also recently disclosed a dividend, which will be paid on Friday, May 31st. Shareholders of record on Thursday, May 2nd will be given a dividend of GBX 4.26 ($0.06) per share. The ex-dividend date is Thursday, May 2nd. This is an increase from Elementis’s previous dividend of $2.24. This represents a yield of 2.58%. Elementis’s dividend payout ratio (DPR) is 0.76%.

COPYRIGHT VIOLATION WARNING: This article was published by Baseball Daily News and is the property of of Baseball Daily News. If you are accessing this article on another domain, it was stolen and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this article can be accessed at https://www.baseballdailydigest.com/news/2019/05/24/elementis-elm-sets-new-1-year-low-at-149-20.html.

About Elementis (LON:ELM)

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.

Read More: Bollinger Bands

Receive News & Ratings for Elementis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Elementis and related companies with MarketBeat.com's FREE daily email newsletter.