Elementis plc Price Target Raised to GBX 287 at Numis Securities Ltd (ELM)
Analysts at Numis Securities Ltd boosted their target price on shares of Elementis plc (LON:ELM) from GBX 281 ($4.77) to GBX 287 ($4.87) in a research report issued to clients and investors on Thursday. The firm currently has a “hold” rating on the stock. Numis Securities Ltd’s price objective suggests a potential upside of 7.73% from the stock’s previous close.
ELM has been the subject of a number of other recent research reports. Analysts at Barclays reiterated an “underweight” rating on shares of Elementis plc in a research note on Wednesday. They now have a GBX 246 ($4.18) price target on the stock. Separately, 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. Finally, 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. Two investment 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 currently has an average rating of “Hold” and an average target price of GBX 287.11 ($4.88).
Shares of Elementis plc (LON:ELM) opened at 266.40 on Thursday. 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 declared a dividend, which is scheduled for Friday, October 3rd. Stockholders of record on Wednesday, September 10th will be given a dividend of GBX 1.59 ($0.03) per share. This represents a yield of 0.58%. The ex-dividend date of this dividend 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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