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.
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.
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