Elementis plc (LON:ELM - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 162.39 and traded as high as GBX 180.60. Elementis shares last traded at GBX 178.80, with a volume of 705,977 shares traded.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on ELM shares. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Elementis from GBX 200 to GBX 215 and gave the company a "buy" rating in a research note on Friday, July 31st. JPMorgan Chase & Co. upped their price target on Elementis from GBX 186 to GBX 190 and gave the stock a "neutral" rating in a research note on Wednesday, August 12th. Berenberg Bank raised their price objective on Elementis from GBX 195 to GBX 220 and gave the stock a "buy" rating in a report on Friday, July 31st. Finally, Jefferies Financial Group reiterated a "buy" rating and set a GBX 210 target price on shares of Elementis in a report on Thursday, July 30th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of GBX 205.
Check Out Our Latest Stock Analysis on ELM
Elementis Stock Performance
The company has a current ratio of 2.27, a quick ratio of 1.16 and a debt-to-equity ratio of 39.91. The firm has a market cap of £1.01 billion, a PE ratio of 14.19, a P/E/G ratio of 3.05 and a beta of 0.93. The stock's 50 day moving average price is GBX 177.41 and its 200 day moving average price is GBX 162.39.
Elementis (LON:ELM - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported GBX 8.60 earnings per share for the quarter. Elementis had a net margin of 12.16% and a return on equity of 11.29%. As a group, equities analysts forecast that Elementis plc will post 9.4993582 earnings per share for the current fiscal year.
Elementis Company Profile
(
Get Free Report)
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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