Elementis (LON:ELM) Stock Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• Elementis plc has crossed above its two hundred day moving average, indicating a potential upward trend in stock performance with a high of GBX 164.80 ($2.21).
• JPMorgan Chase & Co. recently downgraded Elementis to a "neutral" rating, with a consensus price target of GBX 170 despite one analyst maintaining a "Buy" rating.
• Insider Trudy Schoolenberg bought 30,000 shares at GBX 172, reflecting confidence in the company's future performance.

Elementis plc (LON:ELM - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 151.16 ($2.03) and traded as high as GBX 164.80 ($2.21). Elementis shares last traded at GBX 163.80 ($2.20), with a volume of 18,996,295 shares traded.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. lowered shares of Elementis to a "neutral" rating in a report on Monday, August 11th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of GBX 170.

Elementis Stock Up 0.1%

The company has a market capitalization of £942.35 million, a PE ratio of -1,279.69, a P/E/G 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 company's 50-day moving average is GBX 164.18 and its 200 day moving average is GBX 151.16.

Insider Buying and Selling at Elementis

In other Elementis news, insider Trudy Schoolenberg bought 30,000 shares of the business's stock in a transaction that occurred on Friday, August 1st. The stock was purchased at an average cost of GBX 172 per share, with a total value of £51,600. Company insiders own 1.77% of the company's stock.

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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