Elementis plc (ELM) Given Average Recommendation of “Hold” by Brokerages
Shares of Elementis plc (LON:ELM) have been given a consensus recommendation of “Hold” by the seven ratings firms that are covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is GBX 309.20 ($4.00).
Several equities analysts recently commented on the company. UBS AG assumed coverage on Elementis plc in a research report on Monday, August 21st. They set a “buy” rating and a GBX 340 ($4.40) target price for the company. Numis Securities Ltd raised their target price on Elementis plc from GBX 331 ($4.28) to GBX 335 ($4.33) and gave the stock an “add” rating in a research report on Friday, August 4th. J P Morgan Chase & Co raised their target price on Elementis plc from GBX 275 ($3.56) to GBX 285 ($3.69) and gave the stock a “neutral” rating in a research report on Thursday, August 3rd. Finally, Credit Suisse Group restated an “outperform” rating on shares of Elementis plc in a research report on Friday, July 21st.
Shares of Elementis plc (ELM) traded down 2.35% during trading on Tuesday, hitting GBX 273.70. 324,754 shares of the stock were exchanged. The company’s market cap is GBX 1.27 billion. The firm has a 50 day moving average of GBX 291.26 and a 200-day moving average of GBX 294.30. Elementis plc has a 12-month low of GBX 201.90 and a 12-month high of GBX 320.68.
The firm also recently disclosed a dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, September 7th will be given a GBX 2.05 ($0.03) dividend. The ex-dividend date is Thursday, September 7th. This represents a yield of 0.73%.
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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