Elementis (ELM) Price Target Cut to GBX 200

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Elementis (LON:ELM) had its price objective lowered by HSBC from GBX 330 ($4.31) to GBX 200 ($2.61) in a report issued on Tuesday morning. The firm currently has a buy rating on the stock.

A number of other research analysts have also weighed in on the company. Berenberg Bank dropped their target price on Elementis from GBX 260 ($3.40) to GBX 225 ($2.94) and set a buy rating on the stock in a report on Wednesday, December 19th. Credit Suisse Group restated an outperform rating on shares of Elementis in a report on Wednesday, December 12th. JPMorgan Chase & Co. dropped their target price on Elementis from GBX 290 ($3.79) to GBX 225 ($2.94) and set an overweight rating on the stock in a report on Friday, December 7th. UBS Group dropped their target price on Elementis from GBX 320 ($4.18) to GBX 290 ($3.79) and set a buy rating on the stock in a report on Thursday, October 25th. Finally, Numis Securities restated a buy rating and issued a GBX 285 ($3.72) target price on shares of Elementis in a report on Monday, October 15th. Seven equities research analysts have rated the stock with a buy rating, The stock has a consensus rating of Buy and a consensus target price of GBX 263.57 ($3.44).

Shares of LON:ELM opened at GBX 190.99 ($2.50) on Tuesday. Elementis has a 52-week low of GBX 255.10 ($3.33) and a 52-week high of GBX 321.80 ($4.20).

About Elementis

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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Analyst Recommendations for Elementis (LON:ELM)

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