Elementis plc (ELM) Price Target Raised to GBX 285 at Jefferies Group LLC
Elementis plc (LON:ELM) had its price target hoisted by Jefferies Group LLC from GBX 200 ($2.50) to GBX 285 ($3.56) in a research report sent to investors on Monday morning. The brokerage currently has a hold rating on the stock.
Several other equities analysts also recently commented on ELM. Credit Suisse Group reissued an outperform rating and set a GBX 285 ($3.56) target price on shares of Elementis plc in a research report on Monday, October 31st. Numis Securities Ltd raised their price target on Elementis plc from GBX 210 ($2.62) to GBX 261 ($3.26) and gave the company a hold rating in a research report on Tuesday, November 1st. Berenberg Bank raised Elementis plc to a buy rating and raised their price target for the company from GBX 200 ($2.50) to GBX 270 ($3.37) in a research report on Wednesday, November 9th. N+1 Singer reaffirmed a corporate rating on shares of Elementis plc in a research report on Wednesday, January 4th. Finally, J P Morgan Chase & Co raised their price target on Elementis plc from GBX 205 ($2.56) to GBX 275 ($3.44) and gave the company a neutral rating in a research report on Thursday, January 19th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The company has an average rating of Hold and a consensus target price of GBX 279.25 ($3.49).
Elementis plc (LON:ELM) opened at 305.70 on Monday. The company’s market capitalization is GBX 1.42 billion. Elementis plc has a 12-month low of GBX 179.60 and a 12-month high of GBX 313.66. The stock’s 50 day moving average price is GBX 275.26 and its 200 day moving average price is GBX 243.16.
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About Elementis plc
Elementis plc is a United Kingdom-based specialty chemicals company. The Company operates through three segments: Specialty Products, Surfactants and Chromium. Its Specialty Products segment is engaged in the production of rheological and other specialty additives, compounded products and colorants. Its Surfactants segment is engaged in the production of surface active ingredients.
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