Shares of Elementis plc (LON:ELM) reached a new 52-week low on Thursday . The company traded as low as GBX 179.40 ($2.34) and last traded at GBX 179.50 ($2.35), with a volume of 775933 shares changing hands. The stock had previously closed at GBX 188.40 ($2.46).
ELM has been the topic of a number of research analyst reports. Berenberg Bank raised shares of Elementis to a “buy” rating and set a GBX 315 ($4.12) price target on the stock in a research report on Tuesday, August 14th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Elementis in a research report on Thursday, August 23rd. Numis Securities reaffirmed a “buy” rating and set a GBX 340 ($4.44) price target on shares of Elementis in a research report on Tuesday, September 11th. HSBC cut their price target on shares of Elementis from GBX 340 ($4.44) to GBX 330 ($4.31) and set a “buy” rating on the stock in a research report on Wednesday, September 12th. Finally, UBS Group cut their price target on shares of Elementis from GBX 320 ($4.18) to GBX 290 ($3.79) and set a “buy” rating on the stock in a research report on Thursday, October 25th. Seven research analysts have rated the stock with a buy rating, Elementis presently has an average rating of “Buy” and an average price target of GBX 293.57 ($3.84).
In other news, insider Ralph Hewins purchased 3,728 shares of the business’s stock in a transaction on Wednesday, September 26th. The shares were acquired at an average price of GBX 267 ($3.49) per share, with a total value of £9,953.76 ($13,006.35).
About Elementis (LON:ELM)
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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