Market's view on Elementis
Published on April 2024
- Barclays has increased the price target for Elementis to 155 pence, maintaining the ‘Equal Weight’ status.
- Jeffries upgraded Elementis to ‘Buy’ from ‘Hold’, raising the target price from 110 pence to 170 pence.
- JPMorgan raised Elementis’ price target to 172 pence from 144 pence, with an ‘Overweight’ rating.
- UBS adjusted their target for Elementis to 150 pence from 140 pence and recommended a ‘Buy’.
- A bid of 160p from KPS was rejected in December.
- Stock watchers indicated that the board would have accepted an offer close to 180 pence.
- Institutions are reportedly targeting a price close to 200 pence for Elementis.
- There is speculation that Elementis would fit well with a third party following positive results.
- Stock watcher purchased shares at 18.9p, wishing all picks were as successful.
- Discussion includes a scenario where the stock price briefly dipped below 20p during the start of Covid, even if it appeared around 42p on charts.
- Money is moving towards APH, as per one of the stock watchers’ observations.