Elementis’ (ELM) Buy Rating Reiterated at Jefferies Financial Group

Elementis (LON:ELM – Get Free Report)‘s stock had its “buy” rating reiterated by investment analysts at Jefferies Financial Group in a report issued on Thursday,Digital Look reports. They currently have a GBX 210 price target on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 17.58% from the stock’s current price.

Separately, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 200 price target on shares of Elementis in a research note on Wednesday, June 3rd. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 200.

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Elementis Trading Up 3.5%

ELM opened at GBX 178.60 on Thursday. The company has a debt-to-equity ratio of 39.85, a current ratio of 1.90 and a quick ratio of 1.16. The company has a market cap of £1.02 billion, a price-to-earnings ratio of -22.90, a price-to-earnings-growth ratio of 3.05 and a beta of 0.92. The firm has a 50 day simple moving average of GBX 156.77 and a 200 day simple moving average of GBX 157.45. Elementis has a fifty-two week low of GBX 136 and a fifty-two week high of GBX 184.

Elementis (LON:ELM – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported GBX 8.60 earnings per share (EPS) for the quarter. Elementis had a negative net margin of 7.58% and a negative return on equity of 6.85%. On average, sell-side analysts anticipate that Elementis will post 9.4993582 earnings per share for the current year.

Elementis announced that its Board of Directors has approved a stock buyback program on Wednesday, June 3rd that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Elementis Company Profile

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Elementis is a global specialty chemicals company listed on the London Stock Exchange. The Group employs c.1,000 across 20 global locations. As recognised innovation leaders with deep expertise in rheology (the science of flow), and formulation solutions, we develop distinctive solutions and products to improve performance, achieve smoother production, and enhance sustainability credentials for customers across a range of industries. The Group also owns and operates the largest high-quality hectorite mine in the world.

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