Elementis (LON:ELM) Share Price Crosses Above Two Hundred Day Moving Average of $131.60

Elementis plc (LON:ELM) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 131.60 ($1.65) and traded as high as GBX 147.24 ($1.85). Elementis shares last traded at GBX 146.40 ($1.84), with a volume of 476,455 shares traded.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Jefferies Financial Group reiterated a “buy” rating and set a GBX 170 ($2.14) price objective on shares of Elementis in a research report on Wednesday, March 20th. Berenberg Bank increased their price target on shares of Elementis from GBX 170 ($2.14) to GBX 180 ($2.26) and gave the company a “buy” rating in a report on Friday, March 8th. Finally, HSBC raised Elementis to a “buy” rating and set a GBX 170 ($2.14) price objective on the stock in a research note on Wednesday, March 20th.

Elementis Price Performance

The company has a market capitalization of £852.35 million, a PE ratio of 3,660.00, a price-to-earnings-growth 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 firm’s 50 day simple moving average is GBX 141.31 and its 200 day simple moving average is GBX 131.60.

Elementis Cuts Dividend

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

Insider Buying and Selling

In related news, insider Ralph Hewins sold 136,502 shares of the business’s stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of GBX 144 ($1.81), for a total transaction of £196,562.88 ($246,938.29). 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.