Elementis’s “Buy” Rating Reaffirmed at Jefferies Group (ELM)
Elementis (LON:ELM)‘s stock had its “buy” rating reaffirmed by investment analysts at Jefferies Group in a note issued to investors on Friday, Analyst Ratings News reports. They currently have a GBX 285 ($4.61) price objective on the stock. Jefferies Group’s target price would indicate a potential upside of 6.98% from the company’s current price.
Shares of Elementis (LON:ELM) traded up 9.05% on Friday, hitting GBX 266.40. The stock had a trading volume of 2,504,287 shares. Elementis has a 52 week low of GBX 195.992 and a 52 week high of GBX 281.30. The stock’s 50-day moving average is GBX 246.4 and its 200-day moving average is GBX 244.. The company’s market cap is £1.213 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at N+1 Singer reiterated a “corporate” rating on shares of Elementis in a research note to investors on Friday. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Elementis in a research note to investors on Monday, October 21st. They now have a GBX 275 ($4.45) price target on the stock. Finally, analysts at Berenberg Bank cut their price target on shares of Elementis from GBX 290 ($4.69) to GBX 285 ($4.61) in a research note to investors on Monday, October 21st. They now have a “buy” rating 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 company presently has a consensus rating of “Hold” and a consensus target price of GBX 260.67 ($4.22).
Elementis plc is a global specialty chemicals company. It operates in three segments: Specialty Products, Surfactants and Chromium.
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