Elementis plc (ELM) Receives Average Recommendation of “Hold” from Analysts
Elementis plc (LON:ELM) has been given an average rating of “Hold” by the six research firms that are covering the firm. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is GBX 308.40 ($3.98).
ELM has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price target on Elementis plc from GBX 205 ($2.65) to GBX 275 ($3.55) and gave the stock a “neutral” rating in a research report on Thursday, January 19th. Numis Securities Ltd reissued an “add” rating and set a GBX 331 ($4.27) price target on shares of Elementis plc in a research report on Thursday, March 2nd. Credit Suisse Group AG boosted their price target on Elementis plc from GBX 340 ($4.39) to GBX 350 ($4.52) and gave the stock an “outperform” rating in a research report on Wednesday, April 26th. N+1 Singer reissued a “corporate” rating on shares of Elementis plc in a research report on Tuesday, April 25th. Finally, Berenberg Bank reissued a “hold” rating and set a GBX 285 ($3.68) price target on shares of Elementis plc in a research report on Thursday, February 9th.
Shares of Elementis plc (LON:ELM) traded down 0.03% on Friday, hitting GBX 290.50. The stock had a trading volume of 774,028 shares. The stock’s market capitalization is GBX 1.35 billion. Elementis plc has a one year low of GBX 179.60 and a one year high of GBX 320.68. The firm’s 50 day moving average is GBX 295.50 and its 200-day moving average is GBX 277.55.
The firm also recently declared a dividend, which will be paid on Friday, May 26th. Shareholders of record on Thursday, April 27th will be given a dividend of GBX 11.28 ($0.15) per share. This represents a yield of 3.82%. The ex-dividend date is Thursday, April 27th. This is an increase from Elementis plc’s previous dividend of $2.05.
In other Elementis plc news, insider Paul Waterman purchased 10,000 shares of the stock in a transaction on Thursday, April 6th. The shares were purchased at an average price of GBX 360 ($4.65) per share, with a total value of £36,000 ($46,469.60).
Elementis plc Company Profile
Elementis plc is a United Kingdom-based specialty chemicals company. The Company operates through three segments: Specialty Products, Chromium and Surfactants. The Specialty Products segment provides functional additives to the coatings, personal care and energy markets. It offers rheological additives and modifiers, high performance dispersing agents, organoclays and colorants, defoamers and coalescing agents, wetting and slip agents, loanolin and other natural oil derivatives, flow and leveling additives, other specialty additives and resins.
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