Canaccord Genuity Reiterates Buy Rating for Elementis (ELM)
Elementis (LON:ELM)‘s stock had its “buy” rating restated by equities researchers at Canaccord Genuity in a research report issued on Friday, Stock Ratings Network.com reports. They currently have a GBX 275 ($4.30) price objective on the stock. Canaccord Genuity’s price target would indicate a potential upside of 9.04% from the company’s current price.
ELM has been the subject of a number of other recent research reports. Analysts at Bank of America Corp. reiterated an “underperform” rating on shares of Elementis (LON:ELM) in a research note to investors on Monday. They now have a GBX 205 ($3.21) price target on the stock. Separately, analysts at WH Ireland reiterated an “outperform” rating on shares of Elementis (LON:ELM) in a research note to investors on Wednesday, September 4th. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Elementis (LON:ELM) from GBX 280 ($4.38) to GBX 284 ($4.44) in a research note to investors on Wednesday, September 4th. They now have an “overweight” rating on the stock.
Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. Elementis presently has an average rating of “Hold” and an average target price of GBX 261.22 ($4.08).
Shares of Elementis (LON:ELM) opened at 251.90 on Friday. The stock has a 50-day moving average of GBX 254.4 and a 200-day moving average of GBX 246.8. The company’s market cap is £1.147 billion.
Elementis plc is a global specialty chemicals company. It operates in three segments: Specialty Products, Surfactants and Chromium.
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