Elementis (LON:ELM) Shares Pass Above 200 Day Moving Average of $111.43

Elementis plc (LON:ELM – Get Rating)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 111.43 ($1.34) and traded as high as GBX 129.36 ($1.56). Elementis shares last traded at GBX 126.40 ($1.52), with a volume of 307,673 shares traded.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Berenberg Bank reiterated a “buy” rating and issued a GBX 170 ($2.04) price objective on shares of Elementis in a research report on Tuesday, December 20th. Jefferies Financial Group downgraded Elementis to a “hold” rating in a research report on Wednesday, February 1st.

Elementis Stock Performance

The stock has a market capitalization of £739.75 million, a PE ratio of -12,640.00, a PEG ratio of 3.05 and a beta of 2.08. The business has a 50 day moving average price of GBX 123.90 and a 200 day moving average price of GBX 111.43. The company has a debt-to-equity ratio of 56.30, a current ratio of 2.27 and a quick ratio of 1.16.

Insider Activity

In other Elementis news, insider Clement Woon purchased 20,000 shares of the stock in a transaction dated Thursday, December 8th. The shares were purchased at an average cost of GBX 111 ($1.33) per share, with a total value of £22,200 ($26,695.53). Corporate insiders own 1.02% of the company’s stock.

About Elementis

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Elementis plc operates as a specialty chemical company in the United Kingdom, North America, rest of Europe, and internationally. It operates through four segments: Personal Care, Coatings, Talc, and Chromium. The Personal Care segment produces and sells rheological modifiers and compounded products for antiperspirants/deodorants, bath and soap, color cosmetics, and hair and skin care products.