JPMorgan Chase & Co. Cuts Elementis (ELM) Price Target to GBX 225

Share on StockTwits

Elementis (LON:ELM) had its price target trimmed by JPMorgan Chase & Co. from GBX 290 ($3.79) to GBX 225 ($2.94) in a report issued on Friday morning. They currently have an overweight rating on the stock.

A number of other research analysts have also commented on the company. Berenberg Bank upgraded Elementis to a buy rating and set a GBX 315 ($4.12) target price for the company in a research note on Tuesday, August 14th. UBS Group cut their target price on Elementis from GBX 320 ($4.18) to GBX 290 ($3.79) and set a buy rating for the company in a research note on Thursday, October 25th. Credit Suisse Group restated an outperform rating on shares of Elementis in a research note on Thursday, August 23rd. HSBC cut their target price on Elementis from GBX 340 ($4.44) to GBX 330 ($4.31) and set a buy rating for the company in a research note on Wednesday, September 12th. Finally, Numis Securities restated a buy rating and issued a GBX 340 ($4.44) target price on shares of Elementis in a research note on Tuesday, September 11th. Seven equities research analysts have rated the stock with a buy rating, Elementis currently has a consensus rating of Buy and an average price target of GBX 293.57 ($3.84).

Shares of ELM stock traded down GBX 5.20 ($0.07) during trading hours on Friday, reaching GBX 174.30 ($2.28). 1,354,007 shares of the company’s stock were exchanged, compared to its average volume of 1,190,000. Elementis has a fifty-two week low of GBX 255.10 ($3.33) and a fifty-two week high of GBX 321.80 ($4.20).

In related news, insider Ralph Hewins purchased 3,728 shares of the stock in a transaction on Wednesday, September 26th. The shares were purchased at an average cost of GBX 267 ($3.49) per share, for a total transaction of £9,953.76 ($13,006.35).

Elementis Company Profile

Elementis plc manufactures and sells specialty chemicals in North and South America, Europe, and Asia. It operates through Specialty Products and Chromium segments. The Specialty Products segment offers functional additives to the personal care, coatings, and energy end markets, as well as oilfield and construction sectors.

Recommended Story: What Does Beta Mean In Stock Selection

Analyst Recommendations for Elementis (LON:ELM)

Receive News & Ratings for Elementis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Elementis and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.