Elementis’ (ELM) “Buy” Rating Reiterated at Numis Securities

Numis Securities reiterated their buy rating on shares of Elementis (LON:ELM) in a research report sent to investors on Monday. The brokerage currently has a GBX 285 ($3.72) price target on the stock.

Other equities analysts also recently issued research reports about the company. Credit Suisse Group reaffirmed an outperform rating on shares of Elementis in a research report on Thursday, August 23rd. UBS Group reaffirmed a buy rating and issued a GBX 320 ($4.18) target price (down previously from GBX 335 ($4.38)) on shares of Elementis in a research report on Monday, July 2nd. Berenberg Bank raised Elementis to a buy rating and set a GBX 315 ($4.12) target price on the stock in a research report on Tuesday, August 14th. JPMorgan Chase & Co. raised Elementis to an overweight rating and upped their target price for the company from GBX 275 ($3.59) to GBX 290 ($3.79) in a research report on Thursday, August 2nd. Finally, HSBC boosted their price target on Elementis from GBX 330 ($4.31) to GBX 340 ($4.44) and gave the company a buy rating in a research note on Tuesday, July 17th. Seven equities research analysts have rated the stock with a buy rating, The stock currently has an average rating of Buy and a consensus price target of GBX 315 ($4.12).

Elementis stock opened at GBX 219.60 ($2.87) on Monday. Elementis has a 12 month low of GBX 255.10 ($3.33) and a 12 month high of GBX 321.80 ($4.20).

The business also recently declared a dividend, which was paid on Friday, September 28th. Investors of record on Thursday, August 30th were paid a GBX 2.24 ($0.03) dividend. This represents a dividend yield of 0.84%. The ex-dividend date of this dividend was Thursday, August 30th.

In related news, insider Ralph Hewins purchased 3,728 shares of the business’s stock in a transaction that occurred on Wednesday, September 26th. The stock was acquired at an average cost of GBX 267 ($3.49) per share, for a total transaction of £9,953.76 ($13,006.35).

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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