Elementis’s Buy Rating Reaffirmed at Canaccord Genuity (ELM)
Elementis (LON:ELM)‘s stock had its “buy” rating restated by stock analysts at Canaccord Genuity in a report issued on Friday, Analyst Ratings News reports. They currently have a GBX 275 ($4.41) price objective on the stock. Canaccord Genuity’s price target points to a potential upside of 15.30% 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 in a research note to investors on Wednesday. They now have a GBX 205 ($3.29) price target on the stock. Separately, 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. Finally, 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. 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’s stock. The stock has an average rating of “Hold” and a consensus price target of GBX 261.22 ($4.19).
Shares of Elementis (LON:ELM) traded up 0.29% on Friday, hitting GBX 239.20. 347,555 shares of the company’s stock traded hands. Elementis has a 1-year low of GBX 195.992 and a 1-year high of GBX 281.30. The stock’s 50-day moving average is GBX 257.1 and its 200-day moving average is GBX 247.4. The company’s market cap is £1.089 billion.
Elementis plc is a global specialty chemicals company. It operates in three segments: Specialty Products, Surfactants and Chromium.
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