Analyst Price Target is $37.50
▲ +913.51% Upside Potential
This price target is based on 3 analysts offering 12 month price targets for Elkem ASA in the last 3 months. The average price target is $37.50, with a high forecast of $40.00 and a low forecast of $35.00. The average price target represents a 913.51% upside from the last price of $3.70.
Current Consensus is
Hold
The current consensus among 3 contributing investment analysts is to hold stock in Elkem ASA. This rating has held steady since June 2022, when it changed from a Buy consensus rating.
Elkem ASA manufactures and sells metals and materials in Norway, the United Kingdom, Germany, France, Italy, Poland, Spain, the Netherlands, and othe European countries. It operates through three segments: Silicones, Silicon Products, and Carbon Solutions. The Silicones segment produces and sells various silicone-based products across various sub-sectors, including release coatings, engineering elastomers, healthcare products, specialty fluids, emulsions, and resins. The Silicon Products segment produces various grades of metallurgical silicon, ferrosilicon, foundry alloys, and micro silica for use in various end applications. The Carbon Solutions segment produces carbon electrode materials, lining materials, and specialty carbon products for metallurgical processes to produce various metals. Elkem ASA also engages in the generation and sale of hydroelectric power, as well as supplies heat in the form of steam and hot water. The company was incorporated in 1904 and is headquartered in Oslo, Norway. Elkem ASA is a subsidiary of Bluestar Elkem International Co., Ltd. S.A.
Read More