Elementis plc Stock Rating Reaffirmed by Jefferies Group (ELM)
Elementis plc (LON:ELM)‘s stock had its “buy” rating restated by stock analysts at Jefferies Group in a report issued on Tuesday. They currently have a GBX 314 ($5.33) target price on the stock. Jefferies Group’s price target would suggest a potential upside of 16.00% from the company’s current price.
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 plc in a research note on Tuesday. Separately, analysts at Canaccord Genuity downgraded shares of Elementis plc to a “hold” rating in a research note on Tuesday, July 22nd. They now have a GBX 272 ($4.62) price target on the stock, down previously from GBX 275 ($4.67). Finally, analysts at Barclays reiterated an “underweight” rating on shares of Elementis plc in a research note on Thursday, July 17th. They now have a GBX 243 ($4.13) price target on the stock. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of GBX 286.11 ($4.86).
Shares of Elementis plc (LON:ELM) traded up 5.17% during mid-day trading on Tuesday, hitting GBX 270.70. 1,227,307 shares of the company’s stock traded hands. Elementis plc has a 1-year low of GBX 229.70 and a 1-year high of GBX 305.10. The stock has a 50-day moving average of GBX 267.4 and a 200-day moving average of GBX 274.3. The company’s market cap is £1.242 billion.
The company also recently announced a dividend, which is scheduled for Friday, October 3rd. Stockholders of record on Wednesday, September 10th will be paid a dividend of GBX 1.59 ($0.03) per share. This represents a dividend yield of 0.58%. The ex-dividend date is Wednesday, September 10th.
Elementis plc is a global specialty chemicals company. It operates in three segments: Specialty Products, Surfactants and Chromium.
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