Elementis plc Given Underweight Rating at Barclays (ELM)
Elementis plc (LON:ELM)‘s stock had its “underweight” rating reaffirmed by equities researchers at Barclays in a research report issued on Wednesday. They currently have a GBX 246 ($4.18) target price on the stock. Barclays’ price target points to a potential downside of 7.66% from the stock’s previous close.
Shares of Elementis plc (LON:ELM) opened at 266.40 on Wednesday. Elementis plc has a 52 week low of GBX 229.70 and a 52 week high of GBX 305.10. The stock has a 50-day moving average of GBX 266.1 and a 200-day moving average of GBX 274.2. The company’s market cap is £1.225 billion.
The company also recently announced a dividend, which is scheduled for Friday, October 3rd. Investors 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.
A number of other analysts have also recently weighed in on ELM. Analysts at BNP Paribas reiterated an “outperform” rating on shares of Elementis plc in a research note on Wednesday. They now have a GBX 325 ($5.52) price target on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Elementis plc in a research note on Tuesday, July 29th. They now have a GBX 314 ($5.33) price target on the stock. Finally, analysts at N+1 Singer reiterated a “corporate” rating on shares of Elementis plc in a research note on Tuesday, July 29th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of GBX 287.11 ($4.88).
Elementis plc is a global specialty chemicals company. It operates in three segments: Specialty Products, Surfactants and Chromium.
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