Elementis plc Stock Rating Reaffirmed by BNP Paribas (ELM)
Elementis plc (LON:ELM)‘s stock had its “outperform” rating reiterated by equities researchers at BNP Paribas in a research report issued on Wednesday. They currently have a GBX 325 ($5.52) price target on the stock. BNP Paribas’ price objective would suggest a potential upside of 22.00% from the stock’s previous close.
Several other analysts have also recently commented on the stock. 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. Separately, analysts at N+1 Singer reiterated a “corporate” rating on shares of Elementis plc in a research note on Tuesday, July 29th. Finally, 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). Two research 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. The stock presently has an average rating of “Hold” and an average price target of GBX 287.11 ($4.88).
Shares of Elementis plc (LON:ELM) traded down 1.33% on Wednesday, hitting GBX 266.40. The stock had a trading volume of 704,939 shares. Elementis plc has a 1-year low of GBX 229.70 and a 1-year high of GBX 305.10. The stock’s 50-day moving average is GBX 266.1 and its 200-day moving average is 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. Investors 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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