Elementis (ELM) Lifted to Buy at Berenberg Bank

Elementis (LON:ELM) was upgraded by Berenberg Bank to a “buy” rating in a note issued to investors on Tuesday.

ELM has been the topic of several other reports. HSBC upped their target price on Elementis from GBX 330 ($4.21) to GBX 340 ($4.34) and gave the company a “buy” rating in a report on Tuesday, July 17th. Credit Suisse Group reduced their target price on Elementis from GBX 340 ($4.34) to GBX 335 ($4.27) and set an “outperform” rating on the stock in a report on Friday, May 4th. JPMorgan Chase & Co. upgraded Elementis to an “overweight” rating and upped their target price for the company from GBX 275 ($3.51) to GBX 290 ($3.70) in a report on Thursday, August 2nd. Numis Securities reiterated a “buy” rating and issued a GBX 340 ($4.34) target price on shares of Elementis in a report on Friday, July 27th. Finally, UBS Group reiterated a “buy” rating and issued a GBX 320 ($4.08) target price (down from GBX 335 ($4.27)) on shares of Elementis in a report on Monday, July 2nd. Seven analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus target price of GBX 324.29 ($4.14).

Shares of ELM stock opened at GBX 277.40 ($3.54) on Tuesday. Elementis has a one year low of GBX 255.10 ($3.25) and a one year high of GBX 321.80 ($4.11).

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

About Elementis

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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