Elementis Stock Rating Reaffirmed by Canaccord Genuity (ELM)
Elementis (LON:ELM)‘s stock had its “buy” rating reaffirmed by investment analysts at Canaccord Genuity in a note issued to investors on Wednesday, American Banking & Market News reports. They currently have a GBX 275 ($4.53) target price on the stock. Canaccord Genuity’s price objective suggests a potential upside of 8.06% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays raised their price target on shares of Elementis from GBX 216 ($3.56) to GBX 233 ($3.84) in a research note to investors on Thursday, January 23rd. They now have an “underweight” rating on the stock. Separately, analysts at BNP Paribas reiterated an “outperform” rating on shares of Elementis in a research note to investors on Friday, January 17th. They now have a GBX 310 ($5.11) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Elementis in a research note to investors on Friday, January 10th. They now have a GBX 284 ($4.68) price target on the stock. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of GBX 267.30 ($4.40).
Elementis (LON:ELM) opened at 258.70 on Wednesday. Elementis has a 52-week low of GBX 208.90 and a 52-week high of GBX 281.30. The stock has a 50-day moving average of GBX 262.5 and a 200-day moving average of GBX 253.4. The company’s market cap is £1.178 billion.
Elementis plc is a global specialty chemicals company. It operates in three segments: Specialty Products, Surfactants and Chromium.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.