Elementis Given “Underperform” Rating at Bank of America Corp. (ELM)
Elementis (LON:ELM)‘s stock had its “underperform” rating reaffirmed by analysts at Bank of America Corp. in a research report issued to clients and investors on Wednesday, Analyst Ratings Net reports. They currently have a GBX 205 ($3.29) price objective on the stock. Bank of America Corp.’s target price points to a potential downside of 11.02% from the stock’s previous close.
ELM has been the subject of a number of other recent research reports. Analysts at Barclays Capital reiterated an “underweight” rating on shares of Elementis in a research note to investors on Thursday, October 3rd. They now have a GBX 216 ($3.47) price target on the stock. Separately, analysts at Berenberg Bank reiterated a “buy” rating on shares of Elementis in a research note to investors on Thursday, October 3rd. They now have a GBX 290 ($4.65) price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Elementis in a research note to investors on Friday, September 27th. They now have a GBX 275 ($4.41) price target on the stock. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of GBX 261.22 ($4.19).
Shares of Elementis (LON:ELM) traded down 2.58% during mid-day trading on Wednesday, hitting GBX 230.40. 561,703 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 £1.049 billion.
Elementis plc is a global specialty chemicals company. It operates in three segments: Specialty Products, Surfactants and Chromium.
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