Elementis (ELM) Receives GBX 324.17 Average Price Target from Brokerages

Shares of Elementis (LON:ELM) have earned an average rating of “Buy” from the seven analysts that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is GBX 325 ($4.65).

ELM has been the subject of a number of recent analyst reports. JPMorgan Chase reiterated a “neutral” rating and issued a GBX 285 ($4.08) price target on shares of Elementis in a research report on Wednesday, February 28th. Credit Suisse Group dropped their price target on shares of Elementis from GBX 350 ($5.01) to GBX 340 ($4.87) and set an “outperform” rating for the company in a research report on Wednesday, February 28th. Jefferies Group upgraded shares of Elementis to a “buy” rating and upped their price target for the stock from GBX 280 ($4.01) to GBX 330 ($4.73) in a research report on Thursday, March 1st. Berenberg Bank reiterated a “hold” rating and issued a GBX 315 ($4.51) price target on shares of Elementis in a research report on Friday, March 2nd. Finally, Numis Securities upped their price target on shares of Elementis from GBX 335 ($4.80) to GBX 340 ($4.87) and gave the stock an “add” rating in a research report on Wednesday, April 11th.

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In other news, insider Paul Waterman sold 93,173 shares of the business’s stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of GBX 311 ($4.45), for a total value of £289,768.03 ($414,902.68).

Shares of ELM traded down GBX 4.20 ($0.06) during mid-day trading on Wednesday, reaching GBX 292.80 ($4.19). The stock had a trading volume of 467,270 shares, compared to its average volume of 1,190,000. Elementis has a 12 month low of GBX 255.10 ($3.65) and a 12 month high of GBX 321.80 ($4.61).

The company also recently declared a dividend, which will be paid on Friday, June 1st. Shareholders of record on Thursday, May 3rd will be given a GBX 4.35 ($0.06) dividend. This is a positive change from Elementis’s previous dividend of $2.05. This represents a dividend yield of 1.45%. The ex-dividend date is Thursday, May 3rd.

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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.

Analyst Recommendations for Elementis (LON:ELM)

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