Elementis (LON:ELM) Price Target Raised to GBX 190

Elementis (LON:ELM - Get Free Report) had its price target boosted by stock analysts at JPMorgan Chase & Co. from GBX 186 to GBX 190 in a report released on Wednesday,Digital Look reports. The firm presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price target would suggest a potential upside of 2.04% from the stock's current price.

Other analysts have also issued research reports about the stock. Berenberg Bank lifted their target price on shares of Elementis from GBX 195 to GBX 220 and gave the company a "buy" rating in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft upped their price target on shares of Elementis from GBX 200 to GBX 215 and gave the stock a "buy" rating in a research report on Friday, July 31st. Finally, Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 210 price target on shares of Elementis in a research note on Thursday, July 30th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Elementis has an average rating of "Moderate Buy" and a consensus target price of GBX 205.

Elementis Stock Performance

Shares of LON:ELM opened at GBX 186.20 on Wednesday. The business's 50 day moving average price is GBX 162.13 and its 200-day moving average price is GBX 158.27. Elementis has a 1 year low of GBX 136 and a 1 year high of GBX 195.40. The firm has a market capitalization of £1.06 billion, a price-to-earnings ratio of 14.78, a price-to-earnings-growth ratio of 3.05 and a beta of 0.93. The company has a debt-to-equity ratio of 39.91, a current ratio of 2.27 and a quick ratio of 1.16.

Elementis (LON:ELM - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported GBX 8.60 EPS for the quarter. Elementis had a net margin of 12.16% and a return on equity of 11.29%. On average, equities research analysts forecast that Elementis will post 9.4993582 earnings per share for the current fiscal year.

Elementis declared that its board has approved a stock buyback plan on Wednesday, June 3rd that permits the company to repurchase 0 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its shares are undervalued.

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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