Elementis plc (LON:ELM - Get Free Report) insider Ralph Hewins sold 136,502 shares of the stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of GBX 144 ($1.82), for a total transaction of £196,562.88 ($248,782.28).
Elementis Stock Down 0.8 %
Shares of LON:ELM traded down GBX 1.20 ($0.02) during midday trading on Friday, hitting GBX 143.80 ($1.82). The stock had a trading volume of 473,993 shares, compared to its average volume of 872,967. Elementis plc has a 12 month low of GBX 96.60 ($1.22) and a 12 month high of GBX 155 ($1.96). The company has a quick ratio of 1.16, a current ratio of 2.20 and a debt-to-equity ratio of 35.51. The business's 50-day simple moving average is GBX 139.77 and its 200-day simple moving average is GBX 128.80. The company has a market cap of £845.30 million, a P/E ratio of 3,595.00, a PEG ratio of 3.05 and a beta of 1.94.
Elementis Cuts Dividend
The business also recently disclosed a dividend, which will be paid on Friday, May 31st. Shareholders of record on Thursday, May 2nd will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a yield of 1.18%. Elementis's dividend payout ratio (DPR) is 5,000.00%.
Analysts Set New Price Targets
Several research analysts have weighed in on the stock. HSBC raised shares of Elementis to a "buy" rating and set a GBX 170 ($2.15) price objective for the company in a report on Wednesday, March 20th. Berenberg Bank boosted their target price on shares of Elementis from GBX 170 ($2.15) to GBX 180 ($2.28) and gave the stock a "buy" rating in a research report on Friday, March 8th. Finally, Jefferies Financial Group restated a "buy" rating and issued a GBX 170 ($2.15) price objective on shares of Elementis in a research note on Wednesday, March 20th.
Check Out Our Latest Research Report on ELM
About Elementis
(
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Elementis plc operates as a specialty chemical company in the United Kingdom, rest of Europe, North America, and internationally. It operates in two segments, Performance Specialties and Personal Care. The Performance Specialties segment engages in the production of rheological modifiers and additives for decorative and industrial coatings; and production and supply of talc for use in plastics, coatings, technical ceramics, and paper sectors.
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