Elementis (ELM) Given “Buy” Rating at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Elementis (LON:ELM) in a research note issued to investors on Monday. The brokerage currently has a GBX 315 ($4.10) price target on the stock.

ELM has been the subject of a number of other reports. HSBC boosted their price target on Elementis from GBX 330 ($4.30) to GBX 340 ($4.43) and gave the company a buy rating in a report on Tuesday, July 17th. Credit Suisse Group reissued an outperform rating on shares of Elementis in a report on Thursday, August 23rd. Numis Securities reissued a buy rating and issued a GBX 340 ($4.43) price target on shares of Elementis in a report on Tuesday, September 11th. JPMorgan Chase & Co. raised Elementis to an overweight rating and boosted their price target for the company from GBX 275 ($3.58) to GBX 290 ($3.78) in a report on Thursday, August 2nd. Finally, UBS Group reissued a buy rating and issued a GBX 320 ($4.17) price target (down from GBX 335 ($4.36)) on shares of Elementis in a report on Monday, July 2nd. Seven equities research analysts have rated the stock with a buy rating, The stock currently has an average rating of Buy and a consensus target price of GBX 322.86 ($4.21).

Shares of ELM stock opened at GBX 254.80 ($3.32) on Monday. Elementis has a 52-week low of GBX 255.10 ($3.32) and a 52-week high of GBX 321.80 ($4.19).

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

In other Elementis news, insider Sandra Boss bought 2,500 shares of Elementis stock in a transaction dated Friday, June 29th. The stock was acquired at an average cost of GBX 256 ($3.33) per share, with a total value of £6,400 ($8,336.59).

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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