Elementis (LON:ELM) Stock Rating Reaffirmed by Berenberg Bank

Elementis (LON:ELM)‘s stock had its “buy” rating reissued by research analysts at Berenberg Bank in a research report issued on Tuesday, ThisIsMoney.Co.Uk reports.

A number of other research firms have also recently weighed in on ELM. UBS Group reissued a “buy” rating on shares of Elementis in a research note on Wednesday, November 20th. Jefferies Financial Group cut shares of Elementis to a “hold” rating and upped their price objective for the stock from GBX 180 ($2.37) to GBX 190 ($2.50) in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 195 ($2.57) price objective on shares of Elementis in a research note on Monday, October 14th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of GBX 191.67 ($2.52).

Shares of ELM stock traded down GBX 0.40 ($0.01) during trading hours on Tuesday, hitting GBX 142.30 ($1.87). 691,216 shares of the company were exchanged, compared to its average volume of 1,190,000. The company has a market capitalization of $826.08 million and a PE ratio of 16.36. The business has a 50 day moving average of GBX 171.45 and a two-hundred day moving average of GBX 154.09. Elementis has a 52 week low of GBX 127.30 ($1.67) and a 52 week high of GBX 198.90 ($2.62). The company has a current ratio of 2.37, a quick ratio of 1.37 and a debt-to-equity ratio of 70.37.

About Elementis

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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Analyst Recommendations for Elementis (LON:ELM)

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