Elementis (LON:ELM) had its target price boosted by Numis Securities from GBX 335 ($4.80) to GBX 340 ($4.87) in a report issued on Wednesday, April 11th. They currently have an add rating on the stock.
Other research analysts have also issued research reports about the stock. Jefferies Group upgraded shares of Elementis to a buy rating and lifted their price target for the stock from GBX 280 ($4.01) to GBX 330 ($4.73) in a research report on Thursday, March 1st. Berenberg Bank reaffirmed a hold rating and issued a GBX 315 ($4.51) price objective on shares of Elementis in a research note on Friday, March 2nd. JPMorgan Chase reaffirmed a neutral rating and issued a GBX 285 ($4.08) price objective on shares of Elementis in a research note on Wednesday, February 28th. Finally, Credit Suisse Group decreased their price objective on shares of Elementis from GBX 350 ($5.01) to GBX 340 ($4.87) and set an outperform rating for the company in a research note on Wednesday, February 28th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Elementis currently has an average rating of Buy and a consensus price target of GBX 325 ($4.65).
Elementis stock opened at GBX 299.40 ($4.29) on Wednesday. Elementis has a 1 year low of GBX 255.10 ($3.65) and a 1 year high of GBX 321.80 ($4.61).
The company also recently disclosed a dividend, which will be paid on Friday, June 1st. Investors of record on Thursday, May 3rd will be paid a GBX 4.35 ($0.06) dividend. This is a positive change from Elementis’s previous dividend of $2.05. The ex-dividend date of this dividend is Thursday, May 3rd. This represents a yield of 1.45%.
In other Elementis news, insider Paul Waterman sold 93,173 shares of Elementis stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of GBX 311 ($4.45), for a total transaction of £289,768.03 ($414,902.68).
ILLEGAL ACTIVITY NOTICE: “Elementis (ELM) Given New GBX 340 Price Target at Numis Securities” was published by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are accessing this piece on another publication, it was stolen and republished in violation of international copyright and trademark legislation. The correct version of this piece can be accessed at https://www.thelincolnianonline.com/2018/04/19/elementis-elm-price-target-raised-to-gbx-340-at-numis-securities.html.
Elementis Company Profile
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.
Receive News & Ratings for Elementis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Elementis and related companies with MarketBeat.com's FREE daily email newsletter.