Elementis (LON:ELM) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Elementis plc (LON:ELM) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 164.84 and traded as high as GBX 171.40. Elementis shares last traded at GBX 171.40, with a volume of 616,341 shares traded.

Wall Street Analyst Weigh In

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

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 cap of £974.13 million, a PE ratio of -13.39, a PEG ratio of 3.05 and a beta of 2.02. The stock has a 50 day simple moving average of GBX 166.70 and a two-hundred day simple moving average of GBX 164.84.

Insider Buying and Selling

In related news, insider Luc van Ravenstein acquired 16,850 shares of Elementis stock in a transaction on Thursday, November 20th. The stock was purchased at an average cost of GBX 156 per share, with a total value of £26,286. 1.81% of the stock is currently owned by corporate 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.