Elementis (LON:ELM) Stock Rating Upgraded by Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank upgraded Elementis to “buy” and raised its price target from GBX 215 to GBX 220, implying 16.28% upside from the current share price.
• Analyst sentiment is broadly positive: four analysts rate the stock “buy” and one rates it “hold,” resulting in a consensus “Moderate Buy” rating and an average target of GBX 206.
• Elementis shares traded at GBX 189.20, near their 52-week high of GBX 195.40. The company recently reported quarterly EPS of GBX 8.60, with analysts forecasting full-year EPS of GBX 9.50.

Elementis (LON:ELM - Get Free Report) was upgraded by Deutsche Bank Aktiengesellschaft to a "buy" rating in a note issued to investors on Thursday, Digital Look reports. The brokerage currently has a GBX 220 price target on the stock, up from their prior price target of GBX 215. Deutsche Bank Aktiengesellschaft's price objective would indicate a potential upside of 16.28% from the company's current price.

Other research analysts have also issued reports about the company. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 210 price objective on shares of Elementis in a research report on Wednesday. Berenberg Bank lifted their price target on shares of Elementis from GBX 195 to GBX 220 and gave the stock a "buy" rating in a research report on Friday, July 31st. Finally, JPMorgan Chase & Co. boosted their price target on shares of Elementis from GBX 186 to GBX 190 and gave the stock a "neutral" rating in a research note on Wednesday, August 12th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of GBX 206.

Elementis Price Performance

ELM traded up GBX 1 during midday trading on Thursday, reaching GBX 189.20. 207,598 shares of the company's stock were exchanged, compared to its average volume of 3,446,673. The company has a quick ratio of 1.16, a current ratio of 2.27 and a debt-to-equity ratio of 39.91. The firm has a market capitalization of £1.07 billion, a price-to-earnings ratio of 15.02, a price-to-earnings-growth ratio of 3.05 and a beta of 0.93. Elementis has a one year low of GBX 136 and a one year high of GBX 195.40. The business has a 50-day simple moving average of GBX 177.75 and a two-hundred day simple moving average of GBX 164.19.

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

Elementis Company Profile

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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