Elementis plc Given “Hold” Rating at Canaccord Genuity (ELM)
Elementis plc (LON:ELM)‘s stock had its “hold” rating reaffirmed by research analysts at Canaccord Genuity in a report released on Wednesday. They currently have a GBX 272 ($4.56) price objective on the stock. Canaccord Genuity’s price objective suggests a potential downside of 4.09% from the stock’s previous close.
Shares of Elementis plc (LON:ELM) opened at 282.80 on Wednesday. Elementis plc has a one year low of GBX 229.70 and a one year high of GBX 305.10. The stock’s 50-day moving average is GBX 265.0 and its 200-day moving average is GBX 275.0. The company’s market cap is £1.301 billion.
The company also recently announced a dividend, which is scheduled for Friday, October 3rd. Shareholders 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 Numis Securities Ltd raised their price target on shares of Elementis plc from GBX 281 ($4.71) to GBX 287 ($4.81) in a research note on Thursday, July 31st. They now have a “hold” rating on the stock. Separately, analysts at Barclays reiterated an “underweight” rating on shares of Elementis plc in a research note on Wednesday, July 30th. They now have a GBX 246 ($4.13) price target on the stock. Finally, analysts at BNP Paribas reiterated an “outperform” rating on shares of Elementis plc in a research note on Wednesday, July 30th. They now have a GBX 325 ($5.45) price target on the stock. Two investment 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 company presently has an average rating of “Hold” and an average target price of GBX 285.56 ($4.79).
Elementis plc is a global specialty chemicals company. It operates in three segments: Specialty Products, Surfactants and Chromium.
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