Elementis plc (ELM) Receives Consensus Rating of “Hold” from Brokerages
Shares of Elementis plc (LON:ELM) have been given an average recommendation of “Hold” by the seven brokerages that are presently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is GBX 309.20 ($4.11).
Several analysts have weighed in on ELM shares. J P Morgan Chase & Co reiterated a “neutral” rating and issued a GBX 285 ($3.79) price objective on shares of Elementis plc in a research report on Tuesday, September 26th. Credit Suisse Group reiterated an “outperform” rating on shares of Elementis plc in a research report on Friday, July 21st. UBS AG started coverage on Elementis plc in a research report on Monday, August 21st. They issued a “buy” rating and a GBX 340 ($4.52) price objective for the company. Finally, Numis Securities Ltd boosted their price objective on Elementis plc from GBX 331 ($4.40) to GBX 335 ($4.45) and gave the company an “add” rating in a research report on Friday, August 4th.
In other Elementis plc news, insider Dorothee Deuring bought 10,000 shares of Elementis plc stock in a transaction dated Tuesday, September 5th. The shares were purchased at an average cost of GBX 275 ($3.65) per share, with a total value of £27,500 ($36,539.99).
Elementis plc (ELM) traded down 2.27% during mid-day trading on Wednesday, reaching GBX 275.00. 513,464 shares of the company’s stock were exchanged. The stock has a 50-day moving average of GBX 274.72 and a 200-day moving average of GBX 289.61. Elementis plc has a one year low of GBX 212.25 and a one year high of GBX 320.68. The stock’s market cap is GBX 1.27 billion.
The firm also recently announced a dividend, which was paid on Friday, September 29th. Stockholders of record on Thursday, September 7th were paid a dividend of GBX 2.05 ($0.03) per share. The ex-dividend date was Thursday, September 7th. This represents a dividend yield of 0.73%.
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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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