Elementis (LON:ELM) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Elementis plc (LON:ELM) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 164.71 and traded as high as GBX 172.60. Elementis shares last traded at GBX 170.60, with a volume of 4,646,569 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 200 target price on shares of Elementis in a report on Thursday, October 23rd. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 200.

Elementis Stock Performance

The company has a debt-to-equity ratio of 37.85, a current ratio of 2.04 and a quick ratio of 1.16. The company has a market capitalization of £969.41 million, a PE ratio of -13.33, a P/E/G ratio of 3.05 and a beta of 2.02. The stock has a 50-day simple moving average of GBX 163.37 and a 200 day simple moving average of GBX 164.71.

Insider Activity at Elementis

In related news, insider Luc van Ravenstein purchased 16,850 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The stock was acquired at an average cost of GBX 156 per share, for a total transaction of £26,286. Corporate insiders own 1.81% of the company’s stock.

Elementis Company Profile

Elementis is a global specialty chemicals company. We offer performance-driven additives that help create innovative formulations for consumer and industrial applications. As a FTSE 250 company, listed on the London Stock Exchange, we employ c.1,030 people globally. We have a nearly 200-year tradition of creating ingredients that add value to everyday consumer and industrial products. In 2024 Elementis reported revenue of $738m and adjusted operating profit of $129m.