Elementis plc (LON:ELM) has received an average recommendation of “Buy” from the six research firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is GBX 205 ($2.68).
A number of brokerages have weighed in on ELM. Credit Suisse Group reiterated an “outperform” rating on shares of Elementis in a research report on Thursday, May 9th. JPMorgan Chase & Co. dropped their price target on shares of Elementis from GBX 225 ($2.94) to GBX 215 ($2.81) and set an “overweight” rating for the company in a research report on Wednesday, May 1st. Berenberg Bank dropped their price target on shares of Elementis from GBX 225 ($2.94) to GBX 210 ($2.74) and set a “buy” rating for the company in a research report on Tuesday, April 30th. UBS Group reiterated a “buy” rating and set a GBX 210 ($2.74) price target (down from GBX 250 ($3.27)) on shares of Elementis in a research report on Wednesday, May 1st. Finally, Numis Securities reissued a “buy” rating on shares of Elementis in a research note on Wednesday, May 1st.
Shares of ELM opened at GBX 154.70 ($2.02) on Thursday. Elementis has a 1-year low of GBX 149.70 ($1.96) and a 1-year high of GBX 280.77 ($3.67). The stock has a market cap of $896.53 million and a price-to-earnings ratio of 19.58. The company has a quick ratio of 1.34, a current ratio of 2.56 and a debt-to-equity ratio of 64.90.
The firm also recently disclosed a dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, May 2nd will be paid a GBX 4.26 ($0.06) dividend. This is a positive change from Elementis’s previous dividend of $2.24. The ex-dividend date is Thursday, May 2nd. This represents a dividend yield of 2.58%. Elementis’s dividend payout ratio (DPR) is presently 0.76%.
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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