Elementis plc (ELM) Given Consensus Rating of “Buy” by Analysts

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Elementis plc (LON:ELM) has been given an average rating of “Buy” by the seven research firms that are covering the firm, MarketBeat Ratings reports. Seven analysts have rated the stock with a buy recommendation. The average 1 year target price among brokers that have issued ratings on the stock in the last year is GBX 324.29 ($4.14).

Several analysts have commented on ELM shares. Numis Securities boosted their price target on shares of Elementis from GBX 335 ($4.27) to GBX 340 ($4.34) and gave the stock an “add” rating in a research note on Thursday, April 26th. Berenberg Bank upgraded shares of Elementis to a “buy” rating and set a GBX 315 ($4.02) price target on the stock in a research note on Tuesday, August 14th. HSBC boosted their price target on shares of Elementis from GBX 330 ($4.21) to GBX 340 ($4.34) and gave the stock a “buy” rating in a research note on Tuesday, July 17th. UBS Group reiterated a “buy” rating and issued a GBX 320 ($4.08) price target (down previously from GBX 335 ($4.27)) on shares of Elementis in a research note on Monday, July 2nd. Finally, Credit Suisse Group decreased their price target on shares of Elementis from GBX 340 ($4.34) to GBX 335 ($4.27) and set an “outperform” rating on the stock in a research note on Friday, May 4th.

In other Elementis news, insider Sandra Boss bought 2,500 shares of Elementis stock in a transaction dated Friday, June 29th. The shares were purchased at an average cost of GBX 256 ($3.27) per share, for a total transaction of £6,400 ($8,164.31).

ELM stock traded down GBX 1 ($0.01) during mid-day trading on Tuesday, hitting GBX 255.60 ($3.26). The company had a trading volume of 356,489 shares, compared to its average volume of 1,190,000. Elementis has a 12-month low of GBX 255.10 ($3.25) and a 12-month high of GBX 321.80 ($4.11).

The firm also recently announced a dividend, which will be paid on Friday, September 28th. Stockholders of record on Thursday, August 30th will be issued a GBX 2.24 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, August 30th. This represents a dividend yield of 0.84%.

Elementis Company Profile

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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