Elementis plc (ELM) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Elementis plc (LON:ELM) have received a consensus recommendation of “Hold” from the nine ratings firms that are covering the firm. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is GBX 230.38 ($2.81).
Several research firms have recently commented on ELM. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 205 ($2.50) price target on shares of Elementis plc in a report on Wednesday, August 3rd. Credit Suisse Group AG restated an “outperform” rating and set a GBX 260 ($3.17) price target on shares of Elementis plc in a report on Wednesday, August 3rd. Berenberg Bank lowered their price target on shares of Elementis plc from GBX 220 ($2.68) to GBX 200 ($2.44) and set a ” hold” rating on the stock in a report on Thursday, June 23rd. Numis Securities Ltd cut shares of Elementis plc to a “hold” rating and set a GBX 210 ($2.56) price target on the stock. in a report on Monday, August 8th. Finally, Jefferies Group restated a “hold” rating and set a GBX 200 ($2.44) price target on shares of Elementis plc in a report on Monday, June 27th.
Shares of Elementis plc (LON:ELM) opened at 222.60 on Friday. Elementis plc has a 52 week low of GBX 179.60 and a 52 week high of GBX 259.30. The firm’s market capitalization is GBX 1.03 billion. The stock’s 50 day moving average price is GBX 215.50 and its 200 day moving average price is GBX 215.33.
The company also recently announced a dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 8th were given a dividend of GBX 2.05 ($0.03) per share. This represents a yield of 0.98%. The ex-dividend date was Thursday, September 8th.
About Elementis plc
Elementis plc is a United Kingdom-based specialty chemicals company. The Company operates through three segments: Specialty Products, Surfactants and Chromium. Its Specialty Products segment is engaged in the production of rheological and other specialty additives, compounded products and colorants. Its Surfactants segment is engaged in the production of surface active ingredients.
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