Elementis plc (ELM) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of Elementis plc (LON:ELM) have earned an average rating of “Hold” from the seven ratings firms that are covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is GBX 316 ($4.16).
Several equities analysts have recently issued reports on ELM shares. Credit Suisse Group restated an “outperform” rating on shares of Elementis plc in a report on Friday, July 21st. Numis Securities Ltd restated an “add” rating and set a GBX 335 ($4.41) price objective on shares of Elementis plc in a report on Friday, October 27th. J P Morgan Chase & Co restated a “neutral” rating and set a GBX 285 ($3.75) price objective on shares of Elementis plc in a report on Monday, October 30th. Finally, UBS AG assumed coverage on shares of Elementis plc in a report on Monday, August 21st. They issued a “buy” rating and a GBX 340 ($4.47) price target on the stock.
In related news, insider Dorothee Deuring acquired 10,000 shares of the stock in a transaction on Tuesday, September 5th. The shares were acquired at an average price of GBX 275 ($3.62) per share, for a total transaction of £27,500 ($36,169.93).
Elementis plc (ELM) opened at GBX 270.43 ($3.56) on Friday. Elementis plc has a fifty-two week low of GBX 247.30 ($3.25) and a fifty-two week high of GBX 320.68 ($4.22).
About Elementis plc
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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