Berenberg Bank Reiterates Buy Rating for Elementis (LON:ELM)

Elementis (LON:ELM – Get Rating)‘s stock had its “buy” rating reiterated by equities research analysts at Berenberg Bank in a report released on Tuesday, Marketbeat.com reports. They presently have a GBX 170 ($2.07) price objective on the stock. Berenberg Bank’s price objective suggests a potential upside of 49.12% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 144 ($1.76) price target on shares of Elementis in a research note on Monday. Jefferies Financial Group cut Elementis to a “hold” rating in a research note on Wednesday, February 1st. Finally, Barclays reiterated a “buy” rating and issued a GBX 170 ($2.07) price target on shares of Elementis in a research note on Thursday, March 9th.

Elementis Stock Down 2.1 %

LON ELM opened at GBX 114 ($1.39) on Tuesday. The stock has a fifty day moving average of GBX 124.06 and a 200-day moving average of GBX 111.93. The stock has a market capitalization of £665.79 million, a P/E ratio of -11,400.00, a price-to-earnings-growth ratio of 3.05 and a beta of 2.10. Elementis has a 52 week low of GBX 85.10 ($1.04) and a 52 week high of GBX 130.10 ($1.59). The company has a debt-to-equity ratio of 56.30, a quick ratio of 1.16 and a current ratio of 2.27.

About Elementis

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Elementis plc operates as a specialty chemical company in the United Kingdom, North America, rest of Europe, and internationally. It operates through four segments: Personal Care, Coatings, Talc, and Chromium. The Personal Care segment produces and sells rheological modifiers and compounded products for antiperspirants/deodorants, bath and soap, color cosmetics, and hair and skin care products.