Elementis (ELM) Price Target Cut to GBX 270 by Analysts at Credit Suisse Group
Elementis (LON:ELM) had its price objective decreased by research analysts at Credit Suisse Group from GBX 290 ($3.79) to GBX 270 ($3.53) in a research report issued to clients and investors on Friday. The brokerage currently has an “outperform” rating on the stock. Credit Suisse Group’s target price would indicate a potential upside of 59.67% from the company’s previous close.
A number of other equities analysts have also recently weighed in on ELM. UBS Group reissued a “buy” rating and issued a GBX 250 ($3.27) price target (down previously from GBX 290 ($3.79)) on shares of Elementis in a research note on Wednesday. Berenberg Bank reissued a “buy” rating and issued a GBX 225 ($2.94) price target on shares of Elementis in a research note on Thursday, March 7th. JPMorgan Chase & Co. dropped their price target on Elementis from GBX 290 ($3.79) to GBX 225 ($2.94) and set an “overweight” rating on the stock in a research note on Friday, December 7th. Finally, HSBC dropped their price target on Elementis from GBX 330 ($4.31) to GBX 200 ($2.61) and set a “buy” rating on the stock in a research note on Tuesday, January 8th. Six investment analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average target price of GBX 242.50 ($3.17).
Shares of ELM opened at GBX 169.10 ($2.21) on Friday. The stock has a market capitalization of $929.56 million and a P/E ratio of 21.41. Elementis has a 1-year low of GBX 151.60 ($1.98) and a 1-year high of GBX 294.50 ($3.85). The company has a debt-to-equity ratio of 64.90, a quick ratio of 1.42 and a current ratio of 2.56.
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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