Arcadium Lithium plc (NYSE:ALTM) Receives Average Rating of “Hold” from Brokerages

Shares of Arcadium Lithium plc (NYSE:ALTMGet Free Report) have earned a consensus recommendation of “Hold” from the ten brokerages that are presently covering the firm, Marketbeat.com reports. Ten analysts have rated the stock with a hold rating. The average 12 month price target among brokers that have issued a report on the stock in the last year is $11.00.

ALTM has been the topic of a number of recent analyst reports. Scotiabank downgraded shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Argus cut shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 12th. Finally, B. Riley cut shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 12th.

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Arcadium Lithium Price Performance

Shares of ALTM opened at $5.83 on Friday. The firm’s 50 day simple moving average is $5.44 and its 200 day simple moving average is $4.44. The company has a market capitalization of $6.27 billion, a P/E ratio of 21.57 and a beta of 1.45. Arcadium Lithium has a 1-year low of $2.19 and a 1-year high of $5.83.

About Arcadium Lithium

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Arcadium Lithium plc engages in the production of lithium chemicals products in the Asia Pacific, North America, Europe, the Middle East, Africa, and Latin America. It offers battery-grade lithium hydroxide, lithium carbonate, butyllithium and high purity lithium metal for electric vehicles, electronics, agricultural, industrial, greases, polymers, pharmaceutical, battery, and aerospace applications.

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Analyst Recommendations for Arcadium Lithium (NYSE:ALTM)

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