Elementis (ELM) Hits New 12-Month Low at $179.40
Elementis plc (LON:ELM) shares reached a new 52-week low on Thursday . The company traded as low as GBX 179.40 ($2.34) and last traded at GBX 179.50 ($2.35), with a volume of 775933 shares. The stock had previously closed at GBX 188.40 ($2.46).
ELM has been the topic of a number of research reports. Berenberg Bank raised Elementis to a “buy” rating and set a GBX 315 ($4.12) price target on the stock in a research note on Tuesday, August 14th. HSBC dropped their price target on Elementis from GBX 340 ($4.44) to GBX 330 ($4.31) and set a “buy” rating on the stock in a research note on Wednesday, September 12th. Numis Securities reaffirmed a “buy” rating and set a GBX 340 ($4.44) price target on shares of Elementis in a research note on Tuesday, September 11th. UBS Group dropped their price target on Elementis from GBX 320 ($4.18) to GBX 290 ($3.79) and set a “buy” rating on the stock in a research note on Thursday, October 25th. Finally, Credit Suisse Group reaffirmed an “outperform” rating on shares of Elementis in a research note on Tuesday, October 9th. Seven analysts have rated the stock with a buy rating, Elementis presently has a consensus rating of “Buy” and an average price target of GBX 302.86 ($3.96).
In related news, insider Ralph Hewins acquired 3,728 shares of the stock in a transaction dated Wednesday, September 26th. The stock was purchased at an average cost of GBX 267 ($3.49) per share, with a total value of £9,953.76 ($13,006.35).
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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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