Elementis (ELM) Rating Reiterated by UBS Group

Elementis (LON:ELM)‘s stock had its “buy” rating reaffirmed by equities research analysts at UBS Group in a report released on Wednesday, investing.thisismoney.co.uk reports. They currently have a GBX 250 ($3.27) price objective on the stock, down from their prior price objective of GBX 290 ($3.79). UBS Group’s price target would indicate a potential upside of 49.61% from the stock’s previous close.

Several other equities analysts have also recently issued reports on ELM. JPMorgan Chase & Co. lowered their price objective on shares of Elementis from GBX 290 ($3.79) to GBX 225 ($2.94) and set an “overweight” rating on the stock in a research note on Friday, December 7th. Credit Suisse Group reiterated an “outperform” rating on shares of Elementis in a report on Wednesday, December 12th. Berenberg Bank decreased their target price on shares of Elementis from GBX 260 ($3.40) to GBX 225 ($2.94) and set a “buy” rating for the company in a report on Wednesday, December 19th. Finally, HSBC decreased their target price on shares of Elementis from GBX 330 ($4.31) to GBX 200 ($2.61) and set a “buy” rating for the company in a report on Tuesday, January 8th. Six research analysts have rated the stock with a buy rating, Elementis currently has a consensus rating of “Buy” and an average target price of GBX 245.83 ($3.21).

Shares of ELM opened at GBX 167.10 ($2.18) on Wednesday. The company has a market capitalization of $929.56 million and a PE ratio of 21.15. The company has a debt-to-equity ratio of 64.90, a quick ratio of 1.42 and a current ratio of 2.56. Elementis has a 12-month low of GBX 151.60 ($1.98) and a 12-month high of GBX 294.50 ($3.85).

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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