Elementis plc Stock Rating Reaffirmed by Canaccord Genuity (ELM)
Elementis plc (LON:ELM)‘s stock had its “hold” rating reaffirmed by investment analysts at Canaccord Genuity in a note issued to investors on Wednesday. They currently have a GBX 272 ($4.51) price objective on the stock. Canaccord Genuity’s price target suggests a potential downside of 3.00% from the stock’s previous close.
Shares of Elementis plc (LON:ELM) opened at 282.20 on Wednesday. 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 273.2 and a 200-day moving average of GBX 277.9. The company’s market cap is £1.298 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.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Elementis plc in a research note on Monday. They now have a GBX 330 ($5.48) price target on the stock. Separately, 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. Finally, 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 ($4.08) price target on the stock. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. Elementis plc currently has an average rating of “Hold” and a consensus target price of GBX 286.67 ($4.76).
Elementis plc is a global specialty chemicals company. It operates in three segments: Specialty Products, Surfactants and Chromium.
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