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Pin to quick picksElementis Share News (ELM)

Share Price Information for Elementis (ELM)

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Share Price: 144.60
Bid: 0.00
Ask: 162.00
Change: 0.00 (0.00%)
Spread: 22.20 (15.88%)
Open: 0.00
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Low: 0.00
Prev. Close: 144.60
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Berenberg raises target price on Elementis

Mon, 02nd Aug 2021 15:54

(Sharecast News) - Analysts at Berenberg raised their target price on chemicals firm Elementis from 160.0p to 180.0p on Monday, stating the group's interim results last week were only a taste of things to come for the next two years".
Berenberg expects to see steady operational delivery against a backdrop of cyclical recovery, with the incipient recovery in the chromium cycle and improving sales of colour cosmetics likely to ensure that earnings growth outpaces the industrial chemicals sector moving into 2022.

The German bank also pointed out that a recovery in earnings should be matched by a classic re-rating as debt falls.

"We expect net debt/EBITDA to decline from 3x at H1 2021, to 1.5x by the end of 2023," said Berenberg, which reiterated its 'buy' rating on the stock.

"In short, shares have a lot to offer beyond the cyclical recovery of 2021 - something that has not gone unnoticed by would-be suitors."

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20 Sep 2023 15:06

Elementis shares surge as Franklin sale demand rebuffed

(Sharecast News) - Shares in UK chemicals group Elementis on Wednesday surged as the company rejected a demand by major shareholder Franklin Mutual Advisers to sell the company.

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20 Sep 2023 14:21

Elementis refuses Franklin Templeton's request for immediate sale

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IN BRIEF: Elementis confirms Trudy Schoolenberg's Accsys appointment

Elementis PLC - London-based speciality chemicals company - Confirms that one of its senior independent directors, Trudy Schoolenberg, will become the interim chair at Accsys Technologies PLC. Schoolenberg is also a senior independent director at Accsys.

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27 Jul 2023 11:39

Elementis bemoans weak demand but still positive as interim profit up

(Alliance News) - Elementis PLC on Thursday remained confident in its prospects for the year as a whole, after seeing pretax profit rise but revenue decline on a weak demand environment.

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27 Jul 2023 10:17

Elementis trading in line amid subdued market

(Sharecast News) - Specialty chemicals company Elementis described a resilient performance during the first half of the year on Thursday, with results aligning with market expectations despite facing some challenges in the demand environment.

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7 Jul 2023 09:57

JPMorgan upgrades Elementis to 'overweight'

(Sharecast News) - JPMorgan Cazenove upgraded Elementis on Friday to 'overweight' from 'neutral', keeping the price target at 144p, as it pointed to a relatively better earnings outlook supported by self-help actions.

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Elementis confident of outlook on "resilient" first quarter

(Alliance News) - Elementis PLC on Wednesday said that its first quarter performance was "resilient".

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Elementis Q1 underlying revenue flat; trading in line

(Sharecast News) - Specialty chemicals company Elementis hailed a "resilient" first-quarter performance on Wednesday, in line with expectations, with underlying revenues flat.

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