Elementis plc (ELM) Receives Average Rating of “Hold” from Brokerages
Shares of Elementis plc (LON:ELM) have received a consensus rating of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is GBX 309.20 ($4.17).
ELM has been the topic of a number of research analyst reports. Credit Suisse Group reiterated an “outperform” rating on shares of Elementis plc in a research report on Friday, July 21st. J P Morgan Chase & Co boosted their target price on Elementis plc from GBX 275 ($3.71) to GBX 285 ($3.84) and gave the stock a “neutral” rating in a research report on Thursday, August 3rd. Numis Securities Ltd boosted their target price on Elementis plc from GBX 331 ($4.46) to GBX 335 ($4.52) and gave the stock an “add” rating in a research report on Friday, August 4th. Finally, UBS AG initiated coverage on Elementis plc in a research report on Monday, August 21st. They issued a “buy” rating and a GBX 340 ($4.58) target price on the stock.
In related news, insider Dorothee Deuring acquired 10,000 shares of the firm’s stock in a transaction on Tuesday, September 5th. The shares were acquired at an average cost of GBX 275 ($3.71) per share, for a total transaction of £27,500 ($37,076.99).
Shares of Elementis plc (LON ELM) traded up 0.88% during trading on Friday, hitting GBX 274.00. The company had a trading volume of 651,645 shares. The firm’s 50 day moving average is GBX 278.40 and its 200-day moving average is GBX 291.60. Elementis plc has a 52 week low of GBX 205.55 and a 52 week high of GBX 320.68. The stock’s market capitalization is GBX 1.27 billion.
The business also recently disclosed a dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, September 7th will be given a dividend of GBX 2.05 ($0.03) per share. The ex-dividend date is Thursday, September 7th. This represents a yield of 0.73%.
TRADEMARK VIOLATION WARNING: This article was originally reported by Daily Political and is the property of of Daily Political. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international trademark and copyright laws. The correct version of this article can be accessed at https://www.dailypolitical.com/2017/09/23/elementis-plc-elm-receives-average-rating-of-hold-from-brokerages.html.
Elementis plc Company Profile
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.
Receive News & Ratings for Elementis plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Elementis plc and related companies with MarketBeat.com's FREE daily email newsletter.