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).

How to Become a New Pot Stock Millionaire

The company has a market capitalization of $1,460.00 and a price-to-earnings ratio of 3,477.78.

The company also recently announced a dividend, which will be paid on Friday, June 1st. Shareholders of record on Thursday, May 3rd will be issued a dividend of GBX 4.35 ($0.06) per share. This represents a yield of 1.45%. The ex-dividend date of this dividend is Thursday, May 3rd. This is an increase from Elementis’s previous dividend of $2.05.

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).

TRADEMARK VIOLATION WARNING: “Elementis (ELM) Sets New 52-Week High at $321.80” was posted by Daily Political and is the sole property of of Daily Political. If you are reading this piece of content on another site, it was stolen and reposted in violation of United States and international copyright & trademark law. The original version of this piece of content can be accessed at https://www.dailypolitical.com/2018/03/15/elementis-elm-sets-new-52-week-high-at-321-80.html.

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.

Receive News & Ratings for Elementis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Elementis and related companies with MarketBeat.com's FREE daily email newsletter.