Shares of Elementis plc (LON:ELM) have been assigned a consensus rating of “Buy” from the six analysts that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is GBX 188.75 ($2.47).
Several equities research analysts have commented on ELM shares. UBS Group restated a “buy” rating and set a GBX 185 ($2.42) target price (down from GBX 200 ($2.61)) on shares of Elementis in a research report on Monday, July 29th. Berenberg Bank restated a “buy” rating and set a GBX 210 ($2.74) target price on shares of Elementis in a research report on Tuesday, July 30th. Credit Suisse Group restated an “outperform” rating on shares of Elementis in a research report on Thursday, May 9th. JPMorgan Chase & Co. decreased their target price on shares of Elementis from GBX 215 ($2.81) to GBX 195 ($2.55) and set an “overweight” rating on the stock in a research report on Friday, July 5th. Finally, HSBC decreased their target price on shares of Elementis from GBX 185 ($2.42) to GBX 165 ($2.16) and set a “hold” rating on the stock in a research report on Wednesday, May 29th.
LON:ELM traded down GBX 8.60 ($0.11) during midday trading on Tuesday, reaching GBX 140.80 ($1.84). The stock had a trading volume of 2,091,227 shares, compared to its average volume of 1,190,000. The business’s fifty day simple moving average is GBX 137.53. Elementis has a 12-month low of GBX 127.30 ($1.66) and a 12-month high of GBX 258.07 ($3.37). The company has a current ratio of 2.56, a quick ratio of 1.34 and a debt-to-equity ratio of 64.90. The stock has a market cap of $817.20 million and a PE ratio of 17.82.
The business also recently announced a dividend, which will be paid on Friday, September 27th. Shareholders of record on Thursday, September 5th will be given a dividend of GBX 2.23 ($0.03) per share. The ex-dividend date is Thursday, September 5th. This represents a dividend yield of 1.59%. Elementis’s payout ratio is currently 0.76%.
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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