UBS Group Reiterates “Buy” Rating for Elementis (LON:ELM)
UBS Group reissued their buy rating on shares of Elementis (LON:ELM) in a research note issued to investors on Monday, ThisIsMoney.Co.Uk reports. UBS Group currently has a GBX 175 ($2.29) price target on the stock, down from their previous price target of GBX 185 ($2.42).
Other equities analysts have also issued research reports about the stock. Berenberg Bank reduced their target price on shares of Elementis from GBX 210 ($2.74) to GBX 200 ($2.61) and set a buy rating on the stock in a report on Friday, November 1st. JPMorgan Chase & Co. reaffirmed an overweight rating and set a GBX 195 ($2.55) target price on shares of Elementis in a report on Monday, October 14th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of Buy and an average target price of GBX 197 ($2.57).
ELM stock opened at GBX 174.10 ($2.27) on Monday. The company has a debt-to-equity ratio of 70.37, a quick ratio of 1.37 and a current ratio of 2.37. Elementis has a 52 week low of GBX 127.30 ($1.66) and a 52 week high of GBX 218.40 ($2.85). The firm’s fifty day moving average is GBX 148.65 and its 200 day moving average is GBX 147.40. The firm has a market cap of $1.01 billion and a P/E ratio of 20.01.
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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