Elementis (LON:ELM) Price Target Raised to GBX 190

Elementis (LON:ELM) had its price target upped by JPMorgan Chase & Co. from GBX 186 to GBX 190 in a research report released on Wednesday morning,Digital Look reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Other equities analysts have also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Elementis from GBX 200 to GBX 215 and gave the company a “buy” rating in a research report on Friday, July 31st. Berenberg Bank lifted their target price on Elementis from GBX 195 to GBX 220 and gave the stock a “buy” rating in a research report on Friday, July 31st. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 210 price target on shares of Elementis in a research note on Thursday, July 30th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 205.

Elementis Trading Up 0.4%

LON ELM opened at GBX 182.35 on Wednesday. The stock has a market cap of £1.04 billion, a P/E ratio of 14.47, a PEG ratio of 3.05 and a beta of 0.93. The company’s fifty day simple moving average is GBX 164.02 and its 200-day simple moving average is GBX 158.62. The company has a current ratio of 2.27, a quick ratio of 1.16 and a debt-to-equity ratio of 39.91. Elementis has a 52 week low of GBX 136 and a 52 week high of GBX 195.40.

Elementis (LON:ELM) last released its quarterly earnings results on Thursday, July 30th. The company reported GBX 8.60 earnings per share for the quarter. Elementis had a net margin of 12.16% and a return on equity of 11.29%. Equities research analysts predict that Elementis will post 9.4993582 EPS for the current fiscal year.

Elementis announced that its Board of Directors has initiated a share repurchase program on Wednesday, June 3rd that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

About Elementis

Elementis is a global specialty chemicals company listed on the London Stock Exchange. The Group employs c.1,000 across 20 global locations. As recognised innovation leaders with deep expertise in rheology (the science of flow), and formulation solutions, we develop distinctive solutions and products to improve performance, achieve smoother production, and enhance sustainability credentials for customers across a range of industries. The Group also owns and operates the largest high-quality hectorite mine in the world.