Elementis (ELM) Given New GBX 270 Price Target at Credit Suisse Group

Elementis (LON:ELM) had its price target dropped by equities research analysts at Credit Suisse Group from GBX 290 ($3.79) to GBX 270 ($3.53) in a research note issued to investors on Friday. The firm currently has an “outperform” rating on the stock. Credit Suisse Group’s price target would suggest a potential upside of 59.67% from the company’s previous close.

Other analysts have also recently issued reports about the stock. UBS Group restated a “buy” rating and set a GBX 250 ($3.27) target price (down from GBX 290 ($3.79)) on shares of Elementis in a report on Wednesday. Berenberg Bank restated a “buy” rating and set a GBX 225 ($2.94) target price on shares of Elementis in a report on Thursday, March 7th. HSBC reduced their target price on shares of Elementis from GBX 330 ($4.31) to GBX 200 ($2.61) and set a “buy” rating for the company in a report on Tuesday, January 8th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Elementis from GBX 290 ($3.79) to GBX 225 ($2.94) and set an “overweight” rating for the company in a report on Friday, December 7th. Six equities research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus price target of GBX 242.50 ($3.17).

Shares of LON:ELM opened at GBX 169.10 ($2.21) on Friday. The company has a market cap of $929.56 million and a P/E ratio of 21.41. Elementis has a 1-year low of GBX 151.60 ($1.98) and a 1-year high of GBX 294.50 ($3.85). The company has a quick ratio of 1.42, a current ratio of 2.56 and a debt-to-equity ratio of 64.90.

About Elementis

Elementis plc manufactures and sells specialty chemicals in North and South America, Europe, and Asia. It operates through Specialty Products and Chromium segments. The Specialty Products segment offers functional additives to the personal care, coatings, and energy end markets, as well as oilfield and construction sectors.

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Analyst Recommendations for Elementis (LON:ELM)

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