Today, Elementis plc (ELM) Upgrade to “Buy” by Berenberg Bank

Today, Elementis plc (ELM) Upgrade to “Buy” by Berenberg Bank
Elementis plc (LON:ELM) was upgraded by investment analysts at Berenberg Bank to a “buy” rating in a research report issued on Wednesday. The brokerage currently has a GBX 270 ($3.37) price target on the stock, up from their previous price target of GBX 200 ($2.50). Berenberg Bank’s price target suggests a potential upside of 6.17% from the company’s current price.

ELM has been the topic of a number of other reports. Credit Suisse Group AG restated an “outperform” rating and issued a GBX 285 ($3.56) target price on shares of Elementis plc in a research note on Monday, October 31st. Numis Securities Ltd upped their target price on shares of Elementis plc from GBX 210 ($2.62) to GBX 261 ($3.26) and gave the stock a “hold” rating in a research note on Tuesday, November 1st. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 205 ($2.56) target price on shares of Elementis plc in a research note on Wednesday, August 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of GBX 249.25 ($3.11).

Shares of Elementis plc (LON:ELM) traded down 0.04% during midday trading on Wednesday, hitting GBX 254.30. 386,821 shares of the company traded hands. The company has a 50-day moving average price of GBX 235.28 and a 200-day moving average price of GBX 218.00. The stock’s market capitalization is GBX 1.18 billion. Elementis plc has a 52 week low of GBX 179.60 and a 52 week high of GBX 261.60.

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