Credit Suisse Group restated their outperform rating on shares of Elementis (LON:ELM) in a research report sent to investors on Wednesday. They currently have a GBX 290 ($3.79) price objective on the stock, down from their previous price objective of GBX 306 ($4.00).
ELM has been the subject of several other research reports. Berenberg Bank reduced their target price on shares of Elementis from GBX 315 ($4.12) to GBX 260 ($3.40) and set a buy rating for the company in a report on Friday, October 26th. Numis Securities reaffirmed a buy rating and set a GBX 340 ($4.44) target price on shares of Elementis in a report on Tuesday, September 11th. JPMorgan Chase & Co. reduced their target price on shares of Elementis from GBX 290 ($3.79) to GBX 225 ($2.94) and set an overweight rating for the company in a report on Friday, December 7th. HSBC dropped their price objective on shares of Elementis from GBX 340 ($4.44) to GBX 330 ($4.31) and set a buy rating for the company in a research note on Wednesday, September 12th. Finally, UBS Group dropped their price objective on shares of Elementis from GBX 320 ($4.18) to GBX 290 ($3.79) and set a buy rating for the company in a research note on Thursday, October 25th. Seven equities research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of Buy and a consensus price target of GBX 263.57 ($3.44).
Shares of ELM stock opened at GBX 191.90 ($2.51) on Wednesday. Elementis has a 52 week low of GBX 255.10 ($3.33) and a 52 week high of GBX 321.80 ($4.20).
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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