Berenberg Bank reiterated their buy rating on shares of Elementis (LON:ELM) in a research report sent to investors on Tuesday, Digital Look reports. Berenberg Bank currently has a GBX 210 ($2.74) price target on the stock.
Other equities research analysts also recently issued reports about the stock. HSBC lowered their target price on shares of Elementis from GBX 185 ($2.42) to GBX 165 ($2.16) and set a hold rating for the company in a research note on Wednesday, May 29th. Numis Securities restated a buy rating on shares of Elementis in a research note on Wednesday, May 1st. Credit Suisse Group restated an outperform rating on shares of Elementis in a research note on Thursday, May 9th. JPMorgan Chase & Co. lowered their target price on shares of Elementis from GBX 215 ($2.81) to GBX 195 ($2.55) and set an overweight rating for the company in a research note on Friday, July 5th. Finally, UBS Group restated a buy rating and issued a GBX 185 ($2.42) target price (down from GBX 200 ($2.61)) on shares of Elementis in a research note on Monday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of Buy and an average price target of GBX 215 ($2.81).
Shares of ELM opened at GBX 146.20 ($1.91) on Tuesday. The firm has a market capitalization of $854.34 million and a P/E ratio of 18.51. Elementis has a twelve month low of GBX 127.30 ($1.66) and a twelve month high of GBX 258.07 ($3.37). 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 company has a 50 day moving average price of GBX 137.49.
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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