Elementis (LON:ELM) Receives “Buy” Rating from Berenberg Bank

Elementis (LON:ELM)‘s stock had its “buy” rating reaffirmed by Berenberg Bank in a research report issued on Thursday,London Stock Exchange reports. They presently have a GBX 170 ($2.10) price objective on the stock. Berenberg Bank’s target price points to a potential upside of 20.06% from the stock’s previous close.

Elementis Stock Performance

Shares of LON:ELM traded down GBX 1.40 ($0.02) during midday trading on Thursday, hitting GBX 141.60 ($1.75). The company’s stock had a trading volume of 755,051 shares, compared to its average volume of 927,300. Elementis has a fifty-two week low of GBX 116.71 ($1.44) and a fifty-two week high of GBX 169.80 ($2.10). The company has a debt-to-equity ratio of 37.85, a quick ratio of 1.16 and a current ratio of 2.04. The stock has a market capitalization of £834.19 million, a price-to-earnings ratio of -3,540.00, a PEG ratio of 3.05 and a beta of 2.02. The stock’s 50 day simple moving average is GBX 136.92 and its 200 day simple moving average is GBX 146.82.

Elementis Company Profile

Elementis plc operates as a specialty chemical company in the United Kingdom, rest of Europe, North America, and internationally. It operates in two segments, Performance Specialties and Personal Care. The Performance Specialties segment engages in the production of rheological modifiers and additives for decorative and industrial coatings; and production and supply of talc for use in plastics, coatings, technical ceramics, and paper sectors.