Elementis Plc Cut To "Hold" At Berenberg Bank
MarketBeat.com | Jan 04, 2017 04:32AM ET
Elementis (LON:ELM) was downgraded by analysts at Berenberg Bank to a "hold" rating in a research report issued on Wednesday, MarketBeat.com reports. They presently have a GBX 285 ($3.50) target price on the stock, up from their previous target price of GBX 270 ($3.32). Berenberg Bank's price objective points to a potential upside of 2.00% from the stock's current price.
Other research analysts have also issued reports about the company. Numis Securities Ltd restated a "hold" rating and issued a GBX 261 ($3.21) price target on shares of Elementis plc in a research report on Tuesday, November 15th. Jefferies Group restated a "hold" rating and issued a GBX 200 ($2.46) price target on shares of Elementis plc in a research report on Tuesday, November 15th. Finally, Credit Suisse (SIX:CSGN) Group restated an "outperform" rating and issued a GBX 290 ($3.56) price target on shares of Elementis plc in a research report on Wednesday, November 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of "Hold" and an average target price of GBX 251.13 ($3.09).
Shares of Elementis plc (LON:ELM) opened at 279.40 on Wednesday, MarketBeat.com reports. The company's market capitalization is GBX 1.29 billion. The stock has a 50 day moving average price of GBX 261.26 and a 200-day moving average price of GBX 228.62. Elementis plc has a one year low of GBX 179.60 and a one year high of GBX 279.90.
Elementis plc Company Profile
Elementis plc is a United Kingdom-based specialty chemicals company. The Company operates through three segments: Specialty Products, Surfactants and Chromium. Its Specialty Products segment is engaged in the production of rheological and other specialty additives, compounded products and colorants. Its Surfactants segment is engaged in the production of surface active ingredients.
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