Elementis (ELM) Receives “Outperform” Rating from Credit Suisse Group
Other analysts have also recently issued research reports about the stock. Numis Securities restated a buy rating and set a GBX 340 ($4.44) price objective on shares of Elementis in a research report on Friday, July 27th. HSBC raised their price objective on shares of Elementis from GBX 330 ($4.31) to GBX 340 ($4.44) and gave the company a buy rating in a research report on Tuesday, July 17th. UBS Group restated a buy rating and set a GBX 320 ($4.18) price objective (down previously from GBX 335 ($4.38)) on shares of Elementis in a research report on Monday, July 2nd. Berenberg Bank restated a buy rating and set a GBX 315 ($4.12) price objective on shares of Elementis in a research report on Monday, September 17th. Finally, JPMorgan Chase & Co. upgraded shares of Elementis to an overweight rating and raised their price objective for the company from GBX 275 ($3.59) to GBX 290 ($3.79) in a research report on Thursday, August 2nd. Seven investment analysts have rated the stock with a buy rating, Elementis currently has an average rating of Buy and a consensus price target of GBX 322.86 ($4.22).
Shares of LON:ELM opened at GBX 228 ($2.98) on Tuesday. Elementis has a one year low of GBX 255.10 ($3.33) and a one year high of GBX 321.80 ($4.20).
In related news, insider Ralph Hewins acquired 3,728 shares of the stock in a transaction dated Wednesday, September 26th. The shares were purchased at an average price of GBX 267 ($3.49) per share, for a total transaction of £9,953.76 ($13,006.35).
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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