Elementis (LON:ELM) Receives Buy Rating from UBS Group

UBS Group restated their buy rating on shares of Elementis (LON:ELM) in a research note released on Wednesday morning, ThisIsMoney.Co.Uk reports.

A number of other analysts have also recently weighed in on ELM. JPMorgan Chase & Co. reaffirmed an overweight rating and issued a GBX 195 ($2.55) price target on shares of Elementis in a research report on Monday, October 14th. Berenberg Bank reduced their price target on Elementis from GBX 210 ($2.74) to GBX 200 ($2.61) and set a buy rating for the company in a research report on Friday, November 1st. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of GBX 197 ($2.57).

Shares of LON:ELM traded down GBX 1.20 ($0.02) on Wednesday, reaching GBX 170.80 ($2.23). The company had a trading volume of 630,457 shares, compared to its average volume of 1,190,000. Elementis has a twelve month low of GBX 127.30 ($1.66) and a twelve month high of GBX 200.80 ($2.62). The stock has a 50-day moving average price of GBX 154.81 and a 200 day moving average price of GBX 147.46. The stock has a market capitalization of $1.01 billion and a P/E ratio of 19.63. The company has a quick ratio of 1.37, a current ratio of 2.37 and a debt-to-equity ratio of 70.37.

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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