Elementis plc’s Overweight Rating Reiterated at JPMorgan Chase & Co. (ELM)
Elementis plc (LON:ELM)‘s stock had its “overweight” rating reissued by equities research analysts at JPMorgan Chase & Co. in a research note issued to investors on Monday. They currently have a GBX 330 ($5.48) target price on the stock. JPMorgan Chase & Co.’s target price would indicate a potential upside of 17.61% from the stock’s previous close.
A number of other analysts have also recently weighed in 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 ($4.51) price target on the stock. Finally, analysts at Numis Securities Ltd raised their price target on shares of Elementis plc from GBX 281 ($4.66) to GBX 287 ($4.76) in a research note on Thursday, July 31st. They now have a “hold” rating on the stock. Two research 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’s stock. The company currently has an average rating of “Hold” and an average price target of GBX 286.67 ($4.76).
Shares of Elementis plc (LON:ELM) opened at 280.70 on Monday. 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 272.0 and a 200-day moving average of GBX 277.5. The company’s market cap is £1.291 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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