Elementis (LON:ELM) Stock Passes Above 200-Day Moving Average of $129.49

Elementis plc (LON:ELM) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 129.49 ($1.61) and traded as high as GBX 145.80 ($1.82). Elementis shares last traded at GBX 140 ($1.74), with a volume of 351,373 shares.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. HSBC raised shares of Elementis to a “buy” rating and set a GBX 170 ($2.12) price target for the company in a research note on Wednesday, March 20th. Jefferies Financial Group restated a “buy” rating and set a GBX 170 ($2.12) price objective on shares of Elementis in a report on Wednesday, March 20th. Finally, Berenberg Bank boosted their price objective on shares of Elementis from GBX 170 ($2.12) to GBX 180 ($2.24) and gave the company a “buy” rating in a report on Friday, March 8th.

Elementis Price Performance

The company has a market cap of £822.96 million, a price-to-earnings ratio of 3,500.00, a PEG ratio of 3.05 and a beta of 1.94. 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 company’s fifty day moving average price is GBX 140.58 and its two-hundred day moving average price is GBX 129.49.

Elementis Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 31st. Investors of record on Thursday, May 2nd will be issued a dividend of $0.02 per share. This represents a yield of 1.18%. The ex-dividend date is Thursday, May 2nd. Elementis’s payout ratio is 5,000.00%.

Insider Buying and Selling

In related news, insider Ralph Hewins sold 136,502 shares of the stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of GBX 144 ($1.79), for a total transaction of £196,562.88 ($244,694.24). 3.93% of the stock is currently owned by corporate insiders.

About Elementis

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.