Elementis plc’s (ELM) “Neutral” Rating Reiterated at J P Morgan Chase & Co
Elementis plc (LON:ELM)‘s stock had its “neutral” rating reaffirmed by stock analysts at J P Morgan Chase & Co in a research note issued to investors on Tuesday. They currently have a GBX 285 ($3.83) price objective on the stock. J P Morgan Chase & Co’s target price would indicate a potential upside of 3.90% from the stock’s current price.
ELM has been the subject of a number of other reports. UBS AG began coverage on Elementis plc in a research report on Monday, August 21st. They issued a “buy” rating and a GBX 340 ($4.57) target price for the company. Credit Suisse Group reissued an “outperform” rating on shares of Elementis plc in a research report on Friday, July 21st. Finally, Numis Securities Ltd raised their target price on Elementis plc from GBX 331 ($4.45) to GBX 335 ($4.51) and gave the stock an “add” rating in a research report on Friday, August 4th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 316 ($4.25).
Shares of Elementis plc (LON:ELM) opened at 273.30 on Tuesday. Elementis plc has a 52-week low of GBX 207.00 and a 52-week high of GBX 320.68. The company’s market capitalization is GBX 1.27 billion. The stock’s 50 day moving average price is GBX 278.40 and its 200-day moving average price is GBX 291.60.
In related news, insider Dorothee Deuring purchased 10,000 shares of Elementis plc stock in a transaction dated Tuesday, September 5th. The stock was bought at an average cost of GBX 275 ($3.70) per share, for a total transaction of £27,500 ($36,982.25).
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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