Analysts Set Elementis plc (ELM) Target Price at $316.00
Elementis plc (LON:ELM) has received a consensus recommendation of “Hold” from the seven brokerages that are currently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 316 ($4.23).
Several research analysts have commented on ELM shares. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 285 ($3.81) price objective on shares of Elementis in a research report on Tuesday, September 26th. Numis Securities restated an “add” rating and set a GBX 335 ($4.48) price objective on shares of Elementis in a research report on Friday, October 27th. Finally, Credit Suisse Group restated an “outperform” rating and set a GBX 350 ($4.68) price objective on shares of Elementis in a research report on Friday, October 27th.
Shares of Elementis (ELM) traded down GBX 3 ($0.04) on Monday, reaching GBX 294.20 ($3.93). 885,043 shares of the company’s stock traded hands, compared to its average volume of 597,510. Elementis has a 1-year low of GBX 255.10 ($3.41) and a 1-year high of GBX 320.68 ($4.29). The firm has a market capitalization of $1,390.00 and a P/E ratio of 2,451.67.
Elementis plc is a United Kingdom-based specialty chemicals company. The Company operates through three segments: Specialty Products, Chromium and Surfactants. 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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