Elementis (ELM)

Sector:

Industrial Chemicals

Index:

FTSE 250

148.40p
   
  • Change Today:
      8.20p
  • 52 Week High: 150.00
  • 52 Week Low: 97.90
  • Currency: UK Pounds
  • Shares Issued: 587.82m
  • Volume: 4,113,128
  • Market Cap: £872.33m
  • RiskGrade: 191

Berenberg raises target price on Elementis

By Iain Gilbert

Date: Monday 02 Aug 2021

LONDON (ShareCast) - (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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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Elementis Market Data

Currency UK Pounds
Share Price 148.40p
Change Today 8.20p
% Change 5.85 %
52 Week High 150.00
52 Week Low 97.90
Volume 4,113,128
Shares Issued 587.82m
Market Cap £872.33m
RiskGrade 191

Elementis Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
1.72% below the market average1.72% below the market average1.72% below the market average1.72% below the market average1.72% below the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
86.17% above the market average86.17% above the market average86.17% above the market average86.17% above the market average86.17% above the market average
88.89% above the sector average88.89% above the sector average88.89% above the sector average88.89% above the sector average88.89% above the sector average
Income
49.81% below the market average49.81% below the market average49.81% below the market average49.81% below the market average49.81% below the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Growth
49.26% below the market average49.26% below the market average49.26% below the market average49.26% below the market average49.26% below the market average
22.22% below the sector average22.22% below the sector average22.22% below the sector average22.22% below the sector average22.22% below the sector average

What The Brokers Say

Strong Buy 4
Buy 2
Neutral 1
Sell 1
Strong Sell 0
Total 8
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Elementis Dividends

  Latest Previous
  Final Final
Ex-Div 02-May-24 n/a
Paid 31-May-24 n/a
Amount 2.10¢ 0.000¢

Trades for 28-Mar-2024

Time Volume / Share Price
16:36 50,000 @ 146.50p
16:35 2,410,582 @ 148.40p
16:35 13,803 @ 148.40p
16:35 46,535 @ 148.40p
16:35 1,026 @ 148.40p

Elementis Key Personnel

CEO Paul Waterman

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