Elementis (LON:ELM) had its target price increased by equities research analysts at Numis Securities from GBX 335 ($4.73) to GBX 340 ($4.81) in a note issued to investors on Wednesday. The brokerage currently has an “add” rating on the stock. Numis Securities’ price target points to a potential upside of 15.72% from the company’s previous close.
Several other equities research analysts have also recently issued reports on ELM. JPMorgan Chase reiterated a “neutral” rating and issued a GBX 285 ($4.03) price objective on shares of Elementis in a report on Wednesday, February 28th. Credit Suisse Group lowered their price objective on Elementis from GBX 350 ($4.95) to GBX 340 ($4.81) and set an “outperform” rating on the stock in a report on Wednesday, February 28th. Jefferies Group upgraded Elementis to a “buy” rating and lifted their price objective for the stock from GBX 280 ($3.96) to GBX 330 ($4.66) in a report on Thursday, March 1st. Finally, Berenberg Bank reiterated a “hold” rating and issued a GBX 315 ($4.45) price objective on shares of Elementis in a report on Friday, March 2nd. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Elementis currently has an average rating of “Buy” and an average price target of GBX 325 ($4.59).
Shares of Elementis stock opened at GBX 293.80 ($4.15) on Wednesday. Elementis has a 1-year low of GBX 255.10 ($3.61) and a 1-year high of GBX 321.80 ($4.55).
In related news, insider Paul Waterman sold 93,173 shares of Elementis stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of GBX 311 ($4.40), for a total value of £289,768.03 ($409,566.12).
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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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