Shares of Elementis plc (LON:ELM – Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 159.91 and traded as high as GBX 163.20. Elementis shares last traded at GBX 163.20, with a volume of 468,738 shares traded.
Wall Street Analysts Forecast Growth
ELM has been the topic of several research reports. JPMorgan Chase & Co. cut shares of Elementis to a “neutral” rating in a research report on Monday, August 11th. Jefferies Financial Group reissued a “buy” rating and set a GBX 200 price target on shares of Elementis in a research report on Thursday, October 23rd. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 185.
Get Our Latest Research Report on ELM
Elementis Price Performance
Insider Activity
In related news, insider Luc van Ravenstein bought 16,850 shares of Elementis stock in a transaction that occurred on Thursday, November 20th. The stock was acquired at an average price of GBX 156 per share, with a total value of £26,286. Corporate insiders own 1.80% 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.
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