Elementis plc (LON:ELM) Receives Average Recommendation of “Buy” from Brokerages
Elementis plc (LON:ELM) has been given an average recommendation of “Buy” by the six research firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is GBX 192.50 ($2.52).
A number of analysts recently commented on ELM shares. Berenberg Bank increased their price target on Jupiter Fund Management from GBX 357 ($4.66) to GBX 360 ($4.70) and gave the company a “hold” rating in a research report on Tuesday, April 30th. Numis Securities raised Royal Bank of Scotland Group from an “add” rating to a “buy” rating in a research report on Wednesday, May 1st. JPMorgan Chase & Co. increased their price target on from GBX 2,300 ($30.05) to GBX 2,900 ($37.89) and gave the company a “neutral” rating in a research report on Friday, July 5th. HSBC set a €54.00 ($62.79) price target on ADO Properties and gave the company a “neutral” rating in a research report on Wednesday, May 29th. Finally, UBS Group raised their target price on LyondellBasell Industries from $86.00 to $89.00 and gave the stock a “neutral” rating in a research report on Thursday.
Shares of ELM stock traded down GBX 0.10 ($0.00) during trading hours on Friday, reaching GBX 129.80 ($1.70). The company had a trading volume of 367,701 shares, compared to its average volume of 1,190,000. Elementis has a 12 month low of GBX 134.70 ($1.76) and a 12 month high of GBX 259.17 ($3.39). The company has a current ratio of 2.56, a quick ratio of 1.34 and a debt-to-equity ratio of 64.90. The firm has a fifty day moving average of GBX 141.29. The company has a market capitalization of $753.93 million and a P/E ratio of 16.43.
Elementis plc manufactures and sells specialty chemicals in North and South America, Europe, and Asia. It operates through Specialty Products and Chromium segments. The Specialty Products segment offers functional additives to the personal care, coatings, and energy end markets, as well as oilfield and construction sectors.
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