Elementis’ (ELM) Buy Rating Reaffirmed at Jefferies Financial Group

Elementis (LON:ELM)‘s stock had its “buy” rating reaffirmed by investment analysts at Jefferies Financial Group in a research report issued on Wednesday, Digital Look reports. They presently have a GBX 210 price objective on the stock. Jefferies Financial Group‘s price objective indicates a potential upside of 13.15% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. JPMorgan Chase & Co. raised their price objective on Elementis from GBX 186 to GBX 190 and gave the company a “neutral” rating in a report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft raised their price objective on Elementis from GBX 200 to GBX 215 and gave the company a “buy” rating in a research report on Friday, July 31st. Finally, Berenberg Bank raised their price objective on shares of Elementis from GBX 195 to GBX 220 and gave the company a “buy” rating in a research note on Friday, July 31st. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 205.

Elementis Stock Performance

Shares of LON ELM traded up GBX 0.60 during trading on Wednesday, reaching GBX 185.60. 687,805 shares of the stock traded hands, compared to its average volume of 3,460,251. The company has a debt-to-equity ratio of 39.91, a current ratio of 2.27 and a quick ratio of 1.16. The stock has a market capitalization of £1.05 billion, a P/E ratio of 14.73, a price-to-earnings-growth ratio of 3.05 and a beta of 0.93. Elementis has a 52-week low of GBX 136 and a 52-week high of GBX 195.40. The company has a 50-day moving average of GBX 177.59 and a 200-day moving average of GBX 164.10.

Elementis (LON:ELM) last announced its quarterly earnings data on Thursday, July 30th. The company reported GBX 8.60 earnings per share (EPS) for the quarter. Elementis had a return on equity of 11.29% and a net margin of 12.16%. Analysts forecast that Elementis will post 9.50 EPS for the current fiscal 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.