Elementis Price Target Cut to GBX 285 by Analysts at Berenberg Bank (ELM)
Equities researchers at Berenberg Bank reduced their target price on shares of Elementis (LON:ELM) from GBX 290 ($4.69) to GBX 285 ($4.61) in a research report issued on Monday, AmericanBankingNews.com reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s target price points to a potential upside of 10.08% from the company’s current price.
A number of other analysts have also recently weighed in on ELM. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Elementis in a research note to investors on Friday, October 11th. They now have a GBX 275 ($4.45) price target on the stock. Separately, analysts at Bank of America Corp. reiterated an “underperform” rating on shares of Elementis in a research note to investors on Wednesday, October 9th. They now have a GBX 205 ($3.32) price target on the stock. Finally, analysts at Barclays reiterated an “underweight” rating on shares of Elementis in a research note to investors on Thursday, October 3rd. They now have a GBX 216 ($3.49) price target on the stock. Two equities research 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’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 260.67 ($4.22).
Elementis (LON:ELM) traded down 1.75% on Monday, hitting GBX 258.90. 414,093 shares of the company’s stock traded hands. Elementis has a 1-year low of GBX 208.10 and a 1-year high of GBX 281.429. The stock’s 50-day moving average is GBX 246.9 and its 200-day moving average is GBX 244.4. The company’s market cap is £1.179 billion.
Elementis plc is a global specialty chemicals company. It operates in three segments: Specialty Products, Surfactants and Chromium.
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