Elementis (LON:ELM) Stock Rating Reaffirmed as Buy by Jefferies Financial Group

Key Points

• Jefferies reaffirmed its “Buy” rating on Elementis and maintained a GBX 210 price target, implying approximately 13.15% upside from the previous close.
• Analyst sentiment remains broadly positive: four analysts rate Elementis a Buy and one rates it Hold, producing a MarketBeat consensus of “Moderate Buy” with an average target of GBX 205.
• Elementis shares rose 0.3% to GBX 185.60, while the company recently reported quarterly earnings of GBX 8.60 per share; analysts expect about GBX 9.50 in full-year EPS.

Elementis (LON:ELM - Get Free Report)'s stock had its "buy" rating reiterated by Jefferies Financial Group in a research note issued to investors on Wednesday, Digital Look reports. They presently have a GBX 210 price objective on the stock. Jefferies Financial Group's price objective points to a potential upside of 13.15% from the company's previous close.

ELM has been the subject of several other reports. Berenberg Bank boosted their price target on Elementis from GBX 195 to GBX 220 and gave the company a "buy" rating in a research note on Friday, July 31st. JPMorgan Chase & Co. increased their price objective on shares of Elementis from GBX 186 to GBX 190 and gave the company a "neutral" rating in a research note on Wednesday, August 12th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Elementis from GBX 200 to GBX 215 and gave the stock a "buy" rating in a report on Friday, July 31st. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Elementis has an average rating of "Moderate Buy" and an average price target of GBX 205.

Elementis Stock Up 0.3%

Shares of Elementis stock traded up GBX 0.60 during trading on Wednesday, reaching GBX 185.60. The stock had a trading volume of 687,805 shares, compared to its average volume of 3,460,251. The stock has a fifty day moving average price of GBX 177.59 and a two-hundred day moving average price of GBX 164.10. The company has a current ratio of 2.27, a quick ratio of 1.16 and a debt-to-equity ratio of 39.91. The company has a market capitalization of £1.05 billion, a price-to-earnings ratio of 14.73, a P/E/G ratio of 3.05 and a beta of 0.93. Elementis has a 52 week low of GBX 136 and a 52 week high of GBX 195.40.

Elementis (LON:ELM - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported GBX 8.60 earnings per share for the quarter. Elementis had a return on equity of 11.29% and a net margin of 12.16%. Sell-side analysts predict that Elementis will post 9.50 EPS for the current fiscal year.

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.

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