Elementis (ELM) Earns “Buy” Rating from Berenberg Bank
ELM has been the subject of several other reports. HSBC increased their price objective on Elementis from GBX 330 ($4.30) to GBX 340 ($4.43) and gave the company a buy rating in a research note on Tuesday, July 17th. Credit Suisse Group reissued an outperform rating on shares of Elementis in a research note on Thursday, August 23rd. Numis Securities reissued a buy rating and issued a GBX 340 ($4.43) price objective on shares of Elementis in a research note on Tuesday, September 11th. JPMorgan Chase & Co. raised Elementis to an overweight rating and increased their price objective for the company from GBX 275 ($3.58) to GBX 290 ($3.78) in a research note on Thursday, August 2nd. Finally, UBS Group reissued a buy rating and issued a GBX 320 ($4.17) price objective (down from GBX 335 ($4.36)) on shares of Elementis in a research note on Monday, July 2nd. Seven analysts have rated the stock with a buy rating, Elementis has a consensus rating of Buy and a consensus target price of GBX 322.86 ($4.21).
LON ELM opened at GBX 254.80 ($3.32) on Monday. Elementis has a one year low of GBX 255.10 ($3.32) and a one year high of GBX 321.80 ($4.19).
In related news, insider Sandra Boss bought 2,500 shares of the company’s stock in a transaction on Friday, June 29th. The stock was bought at an average cost of GBX 256 ($3.33) per share, for a total transaction of £6,400 ($8,336.59).
Elementis Company Profile
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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