Elementis plc Given Average Recommendation of “Hold” by Brokerages (LON:ELM)
Elementis plc (LON:ELM) has earned an average rating of “Hold” from the eleven analysts that are presently covering the company, American Banking News reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is GBX 285.56 ($4.77).
A number of research firms have recently commented on ELM. Analysts at Canaccord Genuity reiterated a “hold” rating on shares of Elementis plc in a research note on Wednesday, August 13th. They now have a GBX 272 ($4.55) price target on the stock. Finally, analysts at Numis Securities Ltd raised their price target on shares of Elementis plc from GBX 281 ($4.70) to GBX 287 ($4.80) in a research note on Thursday, July 31st. They now have a “hold” rating on the stock.
Shares of Elementis plc (LON:ELM) opened at 285.80 on Tuesday. 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 269.6 and a 200-day moving average of GBX 276.5. The company’s market cap is £1.315 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.
Elementis plc is a global specialty chemicals company. It operates in three segments: Specialty Products, Surfactants and Chromium.
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