Elementis (LON:ELM) Stock Price Passes Above 200-Day Moving Average of $135.87

Shares of Elementis plc (LON:ELMGet Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 135.87 ($1.74) and traded as high as GBX 150 ($1.92). Elementis shares last traded at GBX 147.40 ($1.89), with a volume of 256,658 shares.

Analyst Ratings Changes

Several equities analysts recently issued reports on ELM shares. HSBC raised Elementis to a “buy” rating and set a GBX 170 ($2.18) price objective for the company in a report on Wednesday, March 20th. Berenberg Bank lifted their price objective on Elementis from GBX 170 ($2.18) to GBX 180 ($2.31) and gave the stock a “buy” rating in a report on Friday, March 8th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 170 ($2.18) price target on shares of Elementis in a report on Wednesday, March 20th.

Check Out Our Latest Stock Report on ELM

Elementis Stock Performance

The company has a market capitalization of £893.61 million, a price-to-earnings ratio of 3,685.00, a PEG ratio of 3.05 and a beta of 1.94. The stock has a fifty day moving average price of GBX 145.31 and a two-hundred day moving average price of GBX 135.87. The company has a quick ratio of 1.16, a current ratio of 2.20 and a debt-to-equity ratio of 35.51.

Insider Transactions at Elementis

In related news, insider Paul Waterman sold 350,000 shares of the company’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of GBX 150 ($1.92), for a total value of £525,000 ($672,645.74). In related news, insider Paul Waterman sold 350,000 shares of the company’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of GBX 150 ($1.92), for a total value of £525,000 ($672,645.74). Also, insider Ralph Hewins sold 136,502 shares of the company’s stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of GBX 144 ($1.84), for a total value of £196,562.88 ($251,842.25). Insiders own 4.18% of the company’s stock.

About Elementis

(Get Free Report)

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.

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