Elementis (LON:ELM) Reaches New 12-Month High Following Insider Buying Activity

Key Points

• Elementis shares reached a new 52-week high, trading as high as GBX 196.09 before closing at GBX 189, with about 200,141 shares changing hands.
• Insiders Trudy Schoolenberg and Luc van Ravenstein purchased a combined 28,000 shares for approximately £53,070, signaling internal confidence in the company.
• Analyst sentiment is broadly positive: four analysts rate Elementis a Buy and one a Hold, producing a “Moderate Buy” consensus and an average price target of GBX 206.

Elementis plc (LON:ELM - Get Free Report)'s share price hit a new 52-week high during trading on Tuesday following insider buying activity. The stock traded as high as GBX 196.09 and last traded at GBX 189, with a volume of 200,141 shares trading hands. The stock had previously closed at GBX 190.

Specifically, insider Trudy Schoolenberg purchased 15,000 shares of the business's stock in a transaction dated Monday, November 2nd. The stock was bought at an average cost of GBX 190 per share, for a total transaction of £28,500. Also, insider Luc van Ravenstein acquired 13,000 shares of Elementis stock in a transaction on Monday, November 2nd. The stock was purchased at an average price of GBX 189 per share, with a total value of £24,570.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ELM. Berenberg Bank boosted their price objective on Elementis from GBX 195 to GBX 220 and gave the company a "buy" rating in a research report on Friday, July 31st. JPMorgan Chase & Co. lifted their price target on shares of Elementis from GBX 186 to GBX 190 and gave the stock a "neutral" rating in a research note on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft upgraded shares of Elementis to a "buy" rating and increased their price objective for the company from GBX 215 to GBX 220 in a research note on Thursday, October 29th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 210 price objective on shares of Elementis in a report on Wednesday, October 28th. Four 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 an average target price of GBX 206.

Elementis Stock Down 0.5%

The business has a 50-day simple moving average of GBX 178.35 and a two-hundred day simple moving average of GBX 164.48. The stock has a market capitalization of £1.07 billion, a P/E ratio of 15.00, a PEG ratio of 3.05 and a beta of 0.93. The company has a quick ratio of 1.16, a current ratio of 2.27 and a debt-to-equity ratio of 39.91.

About Elementis

Elementis is a global specialty chemicals company listed on the London Stock Exchange. The Group employs c.1,000 across 20 global locations. As recognised innovation leaders with deep expertise in rheology (the science of flow), and formulation solutions, we develop distinctive solutions and products to improve performance, achieve smoother production, and enhance sustainability credentials for customers across a range of industries. The Group also owns and operates the largest high-quality hectorite mine in the world.

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