Barclays Capital Reiterates Underweight Rating for Elementis (ELM)
Elementis (LON:ELM)‘s stock had its “underweight” rating reaffirmed by investment analysts at Barclays Capital in a note issued to investors on Thursday, AR Network reports. They currently have a GBX 216 ($3.48) price target on the stock. Barclays Capital’s target price would suggest a potential downside of 9.19% from the company’s current price.
Shares of Elementis (LON:ELM) traded up 0.46% on Thursday, hitting GBX 239.10. 385,906 shares of the company’s stock traded hands. Elementis has a one year low of GBX 195.992 and a one year high of GBX 281.30. The stock has a 50-day moving average of GBX 257.1 and a 200-day moving average of GBX 247.4. The company’s market cap is £1.088 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Berenberg Bank reiterated a “buy” rating on shares of Elementis (LON:ELM) in a research note to investors on Thursday. They now have a GBX 290 ($4.68) price target on the stock. Separately, 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 ($3.31) price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Elementis (LON:ELM) in a research note to investors on Friday, September 27th. They now have a GBX 275 ($4.44) price target on the stock. Two 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. The stock currently has a consensus rating of “Hold” and an average target price of GBX 261.22 ($4.21).
Elementis plc is a global specialty chemicals company. It operates in three segments: Specialty Products, Surfactants and Chromium.
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