Elementis plc (LON:ELM) Receives Average Rating of “Hold” from Brokerages
Elementis plc (LON:ELM) has been assigned an average recommendation of “Hold” from the six research firms that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is GBX 308.40 ($3.99).
A number of equities research analysts have weighed in on the stock. Credit Suisse Group boosted their target price on shares of Elementis plc from GBX 340 ($4.40) to GBX 350 ($4.53) and gave the stock an “outperform” rating in a report on Wednesday, April 26th. Berenberg Bank boosted their price target on shares of Elementis plc from GBX 305 ($3.95) to GBX 315 ($4.08) and gave the stock a “hold” rating in a research report on Thursday, April 27th. Numis Securities Ltd restated an “add” rating and issued a GBX 331 ($4.29) price target on shares of Elementis plc in a research report on Tuesday, April 25th. N+1 Singer restated a “corporate” rating on shares of Elementis plc in a research report on Tuesday, April 25th. Finally, Jefferies Group LLC dropped their price target on shares of Elementis plc from GBX 285 ($3.69) to GBX 271 ($3.51) and set a “hold” rating on the stock in a research report on Wednesday, April 26th.
Shares of Elementis plc (LON:ELM) traded up 0.37% during trading on Monday, reaching GBX 296.70. 239,375 shares of the company traded hands. The firm’s market capitalization is GBX 1.38 billion. Elementis plc has a 12-month low of GBX 196.60 and a 12-month high of GBX 320.68. The company has a 50 day moving average price of GBX 297.19 and a 200 day moving average price of GBX 287.59.
In other Elementis plc news, insider Sandra Boss acquired 10,000 shares of the stock in a transaction on Tuesday, April 25th. The shares were purchased at an average price of GBX 311 ($4.03) per share, for a total transaction of £31,100 ($40,284.97).
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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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