Elementis (LON:ELM) Receives New Coverage from Analysts at Peel Hunt
Peel Hunt initiated coverage on shares of Elementis (LON:ELM) in a research note issued to investors on Wednesday, Stock Target Advisor reports. The firm issued a hold rating and a GBX 140 ($1.84) price target on the stock.
Other research analysts have also issued reports about the stock. Berenberg Bank lowered their target price on shares of Elementis from GBX 200 ($2.63) to GBX 180 ($2.37) and set a buy rating on the stock in a research report on Wednesday, January 29th. UBS Group reiterated a buy rating on shares of Elementis in a research report on Tuesday. Jefferies Financial Group lowered their price target on shares of Elementis from GBX 190 ($2.50) to GBX 153 ($2.01) and set a hold rating on the stock in a research report on Tuesday, January 21st. Credit Suisse Group lowered their price target on shares of Elementis from GBX 220 ($2.89) to GBX 186 ($2.45) and set an outperform rating on the stock in a research report on Thursday, January 30th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Elementis from GBX 195 ($2.57) to GBX 170 ($2.24) and set an overweight rating on the stock in a research report on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of GBX 165.57 ($2.18).
ELM traded up GBX 4.50 ($0.06) on Wednesday, hitting GBX 126.80 ($1.67). 3,193,453 shares of the company were exchanged, compared to its average volume of 1,190,000. The company has a debt-to-equity ratio of 70.37, a quick ratio of 1.37 and a current ratio of 2.37. The business’s fifty day moving average is GBX 142.03 and its 200 day moving average is GBX 153.11. Elementis has a fifty-two week low of GBX 123.88 ($1.63) and a fifty-two week high of GBX 198.90 ($2.62). The firm has a market capitalization of $736.10 million and a P/E ratio of 14.57.
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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