Elementis (LON:ELM) Share Price Passes Above 200-Day Moving Average – Here’s Why

Elementis plc (LON:ELM)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 165.12 and traded as high as GBX 176.80. Elementis shares last traded at GBX 167.20, with a volume of 1,035,274 shares trading hands.

Analysts Set New Price Targets

A number of research firms have commented on ELM. UBS Group reissued a “buy” rating and issued a GBX 190 target price on shares of Elementis in a report on Friday, January 16th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 200 price target on shares of Elementis in a research note on Thursday, October 23rd. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Elementis presently has an average rating of “Moderate Buy” and a consensus target price of GBX 195.

Elementis Price Performance

The company has a market cap of £950.09 million, a price-to-earnings ratio of -13.06, a price-to-earnings-growth ratio of 3.05 and a beta of 2.02. The company has a fifty day simple moving average of GBX 164.93 and a two-hundred day simple moving average of GBX 165.12. The company has a quick ratio of 1.16, a current ratio of 2.04 and a debt-to-equity ratio of 37.85.

Insider Activity at Elementis

In related news, insider Luc van Ravenstein bought 16,850 shares of the stock in a transaction on Thursday, November 20th. The shares were purchased at an average price of GBX 156 per share, for a total transaction of £26,286. 1.81% of the stock is owned by corporate insiders.

About Elementis

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.