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Elementis plc 8.5% Potential Upside Indicated by HSBC

Elementis plc using EPIC/TICKER code (LON:ELM) had its stock rating noted as ‘Initiates/Starts’ with the recommendation being set at ‘BUY’ today by analysts at HSBC. Elementis plc are listed in the Basic Materials sector within UK Main Market. HSBC have set a target price of 330 GBX on its stock. This would imply the analyst believes there is now a potential upside of 8.5% from the opening price of 304.2 GBX. Over the last 30 and 90 trading days the company share price has increased 7.8 points and increased 27.6 points respectively. The 52 week high share price is 321.8 GBX while the 52 week low for the stock is 255.1 GBX.

Elementis plc has a 50 day moving average of 297.93 GBX and the 200 Day Moving Average price is recorded at 287.29. There are currently 463,774,354 shares in issue with the average daily volume traded being 825,051. Market capitalisation for LON:ELM is £1,394,105,736 GBP.