Elementis (LON:ELM) Reaches New 1-Year Low at $126.90

Shares of Elementis plc (LON:ELM) hit a new 52-week low during trading on Thursday . The company traded as low as GBX 126.90 ($1.67) and last traded at GBX 127.30 ($1.67), with a volume of 73845 shares traded. The stock had previously closed at GBX 129.20 ($1.70).

A number of brokerages have recently commented on ELM. Credit Suisse Group cut their price target on Elementis from GBX 220 ($2.89) to GBX 186 ($2.45) and set an “outperform” rating for the company in a report on Thursday, January 30th. Berenberg Bank cut their price target on Elementis from GBX 200 ($2.63) to GBX 180 ($2.37) and set a “buy” rating for the company in a report on Wednesday, January 29th. Jefferies Financial Group cut their price target on Elementis from GBX 190 ($2.50) to GBX 153 ($2.01) and set a “hold” rating for the company in a report on Tuesday, January 21st. UBS Group reiterated a “buy” rating and set a GBX 165 ($2.17) price target (down from GBX 175 ($2.30)) on shares of Elementis in a report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. cut their price target on Elementis from GBX 195 ($2.57) to GBX 170 ($2.24) and set an “overweight” rating for the company in a report on Wednesday, January 15th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of GBX 169.83 ($2.23).

The business has a 50 day moving average of GBX 147.77 and a 200 day moving average of GBX 153.60. The company has a debt-to-equity ratio of 70.37, a current ratio of 2.37 and a quick ratio of 1.37. The firm has a market capitalization of $728.55 million and a price-to-earnings ratio of 14.43.

Elementis Company Profile (LON:ELM)

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.

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