Elementis (LON:ELM) Shares Cross Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Elementis plc's shares have crossed above their 200-day moving average, with current trading at GBX 160.80.
• JPMorgan Chase & Co. has downgraded Elementis to a "neutral" rating, while the average analyst rating remains a "Moderate Buy" with a target price of GBX 170.
• Insider Trudy Schoolenberg purchased 30,000 shares at an average cost of GBX 172, indicating confidence in the company's future performance.

Elementis plc (LON:ELM - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 149.36 ($2.01) and traded as high as GBX 162.40 ($2.18). Elementis shares last traded at GBX 160.80 ($2.16), with a volume of 518,673 shares changing hands.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. cut shares of Elementis to a "neutral" rating in a research note on Monday, August 11th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of GBX 170.

Elementis Price Performance

The company's 50 day moving average price is GBX 165.46 and its 200-day moving average price is GBX 149.36. The company has a market cap of £928.72 million, a price-to-earnings ratio of -1,254.69, 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.

Insider Activity at Elementis

In other news, insider Trudy Schoolenberg bought 30,000 shares of the firm's stock in a transaction on Friday, August 1st. The stock was bought at an average cost of GBX 172 per share, for a total transaction of £51,600. 1.78% of the stock is currently owned by insiders.

Elementis Company Profile

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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