Elementis plc (ELM) Given Average Recommendation of “Hold” by Analysts
Shares of Elementis plc (LON:ELM) have received a consensus recommendation of “Hold” from the six analysts that are presently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is GBX 308.40 ($3.90).
Several research analysts recently weighed in on the stock. Credit Suisse Group upped their target price on shares of Elementis plc from GBX 340 ($4.30) to GBX 350 ($4.43) and gave the stock an “outperform” rating in a report on Wednesday, April 26th. Berenberg Bank upped their target price on shares of Elementis plc from GBX 305 ($3.86) to GBX 315 ($3.98) and gave the stock a “hold” rating in a report on Thursday, April 27th. Numis Securities Ltd reaffirmed an “add” rating and issued a GBX 331 ($4.19) target price on shares of Elementis plc in a report on Tuesday, April 25th. N+1 Singer reaffirmed a “corporate” rating on shares of Elementis plc in a report on Tuesday, April 25th. Finally, Jefferies Group LLC dropped their target price on shares of Elementis plc from GBX 285 ($3.61) to GBX 271 ($3.43) and set a “hold” rating for the company in a report on Wednesday, April 26th.
Elementis plc (ELM) traded up 1.83% during midday trading on Tuesday, reaching GBX 300.50. The company had a trading volume of 311,956 shares. The company’s market capitalization is GBX 1.39 billion. The firm has a 50-day moving average price of GBX 300.28 and a 200-day moving average price of GBX 284.08. Elementis plc has a 52 week low of GBX 179.60 and a 52 week high of GBX 320.68.
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In related news, insider Sandra Boss acquired 10,000 shares of the company’s stock in a transaction on Tuesday, April 25th. The stock was acquired at an average price of GBX 311 ($3.93) per share, with a total value of £31,100 ($39,342.19).
About Elementis plc
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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