Goldman Sachs Increases Elementis plc Price Target to GBX 330 (ELM)

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Research analysts at Goldman Sachs increased their price objective on shares of Elementis plc (LON:ELM) from GBX 310 ($5.21) to GBX 330 ($5.55) in a report released on Friday. The firm currently has a “neutral” rating on the stock. Goldman Sachs’ price objective indicates a potential upside of 20.09% from the company’s current price.

Elementis plc (LON:ELM) opened at 276.10 on Friday. Elementis plc has a 1-year low of GBX 208.90 and a 1-year high of GBX 305.10. The stock’s 50-day moving average is GBX 282.4 and its 200-day moving average is GBX 269.9. The company’s market cap is £1.267 billion.

A number of other analysts have also recently weighed in on ELM. Analysts at BNP Paribas reiterated an “outperform” rating on shares of Elementis plc in a research note on Tuesday. They now have a GBX 330 ($5.55) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Elementis plc in a research note on Thursday, May 15th. They now have a GBX 320 ($5.38) price target on the stock. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 288.78 ($4.86).

Elementis plc is a global specialty chemicals company. It operates in three segments: Specialty Products, Surfactants and Chromium.

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