Jefferies Financial Group Reaffirms "Buy" Rating for Elementis (LON:ELM)

Key Points

• Jefferies Financial Group has reaffirmed a "Buy" rating for Elementis (LON:ELM) with a target price of GBX 200, indicating a potential upside of 17.92% from the current stock price.
• Conversely, JPMorgan Chase & Co. downgraded Elementis to a "neutral" rating, with a consensus rating of "Moderate Buy" and a target price of GBX 185 among analysts.
• Elementis' stock recently traded at GBX 169.60, with a market capitalization of £975.72 million and notable insider purchases indicating confidence in the company's prospects.

Elementis (LON:ELM - Get Free Report)'s stock had its "buy" rating restated by research analysts at Jefferies Financial Group in a research report issued to clients and investors on Thursday, MarketBeat.com reports. They presently have a GBX 200 target price on the stock. Jefferies Financial Group's price objective suggests a potential upside of 17.92% from the company's previous close.

Separately, JPMorgan Chase & Co. lowered shares of Elementis to a "neutral" rating in a report on Monday, August 11th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Elementis currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 185.

Elementis Stock Performance

LON:ELM traded up GBX 1.40 on Thursday, hitting GBX 169.60. The company's stock had a trading volume of 491,299 shares, compared to its average volume of 1,517,940. The stock has a fifty day moving average of GBX 163.75 and a two-hundred day moving average of GBX 152.37. Elementis has a one year low of GBX 109.60 and a one year high of GBX 179.60. The firm has a market capitalization of £975.72 million, a P/E ratio of -13.25, a price-to-earnings-growth ratio of 3.05 and a beta of 2.02. The company has a current ratio of 2.04, a quick ratio of 1.16 and a debt-to-equity ratio of 37.85.

Insider Transactions at Elementis

In related news, insider Trudy Schoolenberg purchased 30,000 shares of the firm's stock in a transaction dated Friday, August 1st. The stock was bought at an average price of GBX 172 per share, for a total transaction of £51,600. 1.77% of the stock is owned by company insiders.

About Elementis

Elementis is a global specialty chemicals company. We offer performance-driven additives that help create innovative formulations for consumer and industrial applications. As a FTSE 250 company, listed on the London Stock Exchange, we employ c.1,030 people globally. We have a nearly 200-year tradition of creating ingredients that add value to everyday consumer and industrial products.

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