Elementis plc’s (ELM) Outperform Rating Reaffirmed at Credit Suisse Group

Credit Suisse Group restated their outperform rating on shares of Elementis plc (LON:ELM) in a research note issued to investors on Friday. They currently have a GBX 350 ($4.62) price objective on the stock.

Other research analysts have also recently issued research reports about the company. J P Morgan Chase & Co reiterated a neutral rating and set a GBX 285 ($3.76) price objective on shares of Elementis plc in a research report on Monday. Numis Securities Ltd increased their price objective on Elementis plc from GBX 331 ($4.37) to GBX 335 ($4.42) and gave the stock an add rating in a research report on Friday, August 4th. Finally, UBS AG began coverage on Elementis plc in a research report on Monday, August 21st. They set a buy rating and a GBX 340 ($4.49) price objective on the stock. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. Elementis plc has an average rating of Hold and a consensus target price of GBX 316 ($4.17).

Shares of Elementis plc (LON ELM) traded down 0.31% during trading on Friday, reaching GBX 285.50. 820,956 shares of the company were exchanged. The stock’s market capitalization is GBX 1.32 billion. The company has a 50 day moving average price of GBX 275.48 and a 200-day moving average price of GBX 289.02. Elementis plc has a one year low of GBX 229.00 and a one year high of GBX 320.68.

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In related news, insider Dorothee Deuring purchased 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The shares were bought at an average price of GBX 275 ($3.63) per share, for a total transaction of £27,500 ($36,289.26).

Elementis plc Company Profile

Elementis plc is a United Kingdom-based specialty chemicals company. The Company operates through three segments: Specialty Products, Chromium and Surfactants. The Specialty Products segment provides functional additives to the coatings, personal care and energy markets. It offers rheological additives and modifiers, high performance dispersing agents, organoclays and colorants, defoamers and coalescing agents, wetting and slip agents, loanolin and other natural oil derivatives, flow and leveling additives, other specialty additives and resins.

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