Elementis (LON:ELM) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Elementis plc (LON:ELM) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 164.90 and traded as high as GBX 166. Elementis shares last traded at GBX 166, with a volume of 402,059 shares.

Wall Street Analyst Weigh In

ELM has been the topic of a number of recent analyst reports. UBS Group reiterated a “buy” rating and issued a GBX 190 price objective on shares of Elementis in a report on Friday, January 16th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 200 price target on shares of Elementis in a research note on Thursday, October 23rd. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Elementis has a consensus rating of “Moderate Buy” and an average price target of GBX 195.

Elementis Stock Up 2.8%

The business has a 50 day moving average of GBX 166.05 and a 200-day moving average of GBX 164.90. The stock has a market cap of £943.28 million, a PE ratio of -12.97, a P/E/G ratio of 3.05 and a beta of 2.02. The company has a current ratio of 2.04, a quick ratio of 1.16 and a debt-to-equity ratio of 37.85.

Insider Activity at Elementis

In other Elementis news, insider Luc van Ravenstein purchased 16,850 shares of Elementis stock in a transaction that occurred on Thursday, November 20th. The stock was 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 insiders.

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.