Elementis (ELM) Sets New 52-Week High at $321.80
Elementis plc (LON:ELM) hit a new 52-week high on Tuesday . The company traded as high as GBX 321.80 ($4.45) and last traded at GBX 315 ($4.35), with a volume of 7109785 shares trading hands. The stock had previously closed at GBX 315 ($4.35).
A number of brokerages have weighed in on ELM. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 285 ($3.94) price objective on shares of Elementis in a research note on Wednesday, February 28th. Credit Suisse Group lowered their price objective on Elementis from GBX 350 ($4.84) to GBX 340 ($4.70) and set an “outperform” rating for the company in a research note on Wednesday, February 28th. Berenberg Bank restated a “hold” rating and set a GBX 315 ($4.35) price objective on shares of Elementis in a research note on Friday, March 2nd. Jefferies Group upgraded Elementis to a “buy” rating and raised their price objective for the company from GBX 280 ($3.87) to GBX 330 ($4.56) in a research note on Thursday, March 1st. Finally, Numis Securities restated an “add” rating and set a GBX 335 ($4.63) price objective on shares of Elementis in a research note on Tuesday, December 12th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of GBX 324.17 ($4.48).
The company has a market capitalization of $1,460.00 and a price-to-earnings ratio of 3,477.78.
In other Elementis news, insider Paul Waterman sold 93,173 shares of the stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of GBX 311 ($4.30), for a total transaction of £289,768.03 ($400,342.68).
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Elementis Company Profile
Elementis plc is a United Kingdom-based specialty chemicals company. The Company operates through two segments: Specialty Products and Chromium. 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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