Elementis (LON:ELM) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Elementis (LON:ELM) had its target price raised by analysts at JPMorgan Chase & Co. from GBX 186 to GBX 190 in a report released on Wednesday,Digital Look reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 2.04% from the stock’s previous close.

ELM has been the subject of several other reports. Jefferies Financial Group restated a “buy” rating and issued a GBX 210 target price on shares of Elementis in a report on Thursday, July 30th. Berenberg Bank lifted their price target on Elementis from GBX 195 to GBX 220 and gave the stock a “buy” rating in a report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Elementis from GBX 200 to GBX 215 and gave the company a “buy” rating in a research report on Friday, July 31st. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Elementis presently has an average rating of “Moderate Buy” and a consensus target price of GBX 205.

Elementis Stock Performance

Shares of Elementis stock opened at GBX 186.20 on Wednesday. The company has a debt-to-equity ratio of 39.91, a current ratio of 2.27 and a quick ratio of 1.16. The stock’s 50 day simple moving average is GBX 162.13 and its 200-day simple moving average is GBX 158.27. The stock has a market cap of £1.06 billion, a P/E ratio of 14.78, a P/E/G ratio of 3.05 and a beta of 0.93. Elementis has a 1-year low of GBX 136 and a 1-year high of GBX 195.40.

Elementis (LON:ELM) last posted its quarterly earnings results on Thursday, July 30th. The company reported GBX 8.60 EPS for the quarter. Elementis had a return on equity of 11.29% and a net margin of 12.16%. Analysts predict that Elementis will post 9.4993582 EPS for the current fiscal year.

Elementis announced that its board has approved a stock buyback plan on Wednesday, June 3rd that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its shares are undervalued.

About Elementis

Elementis is a global specialty chemicals company listed on the London Stock Exchange. The Group employs c.1,000 across 20 global locations. As recognised innovation leaders with deep expertise in rheology (the science of flow), and formulation solutions, we develop distinctive solutions and products to improve performance, achieve smoother production, and enhance sustainability credentials for customers across a range of industries. The Group also owns and operates the largest high-quality hectorite mine in the world.