Deutsche Bank has upped its price target for Elementis shares (LON: ELM), reiterating a Buy rating. This upward revision, from 185p to 200p, signifies a bullish stance by the investment firm on the specialty chemicals manufacturer amid current market conditions.
Elementis' share price (LON: ELM) has opened up 0.65% on the day at 156p in early trading.
The price target adjustment by Deutsche Bank conveys confidence in Elementis' market position and growth prospects. It's a positive signal to investors, suggesting that the firm sees value beyond the current market assessment.
✓ Small-Cap Stocks With Huge Potential
If you're looking to add some small-cap stocks to your portfolio, then you need to see this.
Before you decide where to invest, you will want our special report on 5 Small-Cap Stocks To Consider. Our team of experts have picked our 5 small-cap stocks they think have the biggest potential for growth in 2024 and beyond.
What's more, we're giving away this valuable research FOR FREE!
Elementis plc is a stalwart in the specialty chemicals industry with a heritage dating back to 1844. From its headquarters in London, United Kingdom, the company flexes its chemical expertise across two distinct segments: Performance Specialties and Personal Care. Its Performance Specialties segment caters to a diverse range of applications from coatings to ceramics, while the Personal Care segment provides a suite of products for antiperspirants, cosmetics, and skincare. The sprawling operations of Elementis plc highlight the company’s adaptability and commitment to various industrial and consumer markets.
With a market capitalisation of approximately £906 million, Elementis has been navigating a 52-week price range of 124 to 169.80. The increase in share price has brought the company close to its annual high, positing an intriguing moment for investors eyeing the stock's long-term potential against the analyst’s revised target.
Deutsche Bank's revised price target for Elementis reflects an optimistic outlook for the company's evolution within the specialty chemicals sector. The new price target, if hit, would represent a multi year high for the stock, having previously hit those levels some 7 years ago. The low target on the street also remains close to the downside, indicating a bullish consensus. Despite this, additional due diligence on the fundamentals would be required before making any decision.
Searching for the Perfect Broker?
Discover our top-recommended brokers for trading or investing in financial markets. Dive in and test their capabilities with complimentary demo accounts today!
- XTB UK regulated by the FCA – Read our Review
- Admiral Markets More than 4500 stocks & over 200 ETFs available to invest in – Read our Review
- BlackBull 26,000+ Shares, Options, ETFs, Bonds, and other underlying assets – Read our Review
YOUR CAPITAL IS AT RISK. 76% OF RETAIL CFD ACCOUNTS LOSE MONEY
