Shares of Elementis plc (LON:ELM - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 152.75 ($2.04) and traded as high as GBX 170.40 ($2.27). Elementis shares last traded at GBX 170 ($2.27), with a volume of 1,082,112 shares traded.
Wall Street Analyst Weigh In
A number of analysts have recently commented on ELM shares. JPMorgan Chase & Co. cut shares of Elementis to a "neutral" rating in a research note on Monday, August 11th. Jefferies Financial Group reissued a "buy" rating and set a GBX 200 target price on shares of Elementis in a research note on Thursday. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Elementis currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 185.
Read Our Latest Analysis on Elementis
Elementis Stock Performance
The company has a market cap of £979.17 million, a PE ratio of -13.30, a PEG ratio of 3.05 and a beta of 2.02. The company has a debt-to-equity ratio of 37.85, a quick ratio of 1.16 and a current ratio of 2.04. The firm's 50 day moving average is GBX 163.83 and its 200-day moving average is GBX 152.75.
Insiders Place Their Bets
In other news, insider Trudy Schoolenberg bought 30,000 shares of the firm's stock in a transaction on Friday, August 1st. The shares were bought at an average cost of GBX 172 per share, for a total transaction of £51,600. 1.77% of the stock is owned by insiders.
About Elementis
(
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Elementis is a global specialty chemicals company. We offer performance-driven additives that help create innovative formulations for consumer and industrial applications. As a FTSE 250 company, listed on the London Stock Exchange, we employ c.1,030 people globally. We have a nearly 200-year tradition of creating ingredients that add value to everyday consumer and industrial products.
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