Elementis (LON:ELM) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Shares of Elementis plc (LON:ELMGet 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

The company has a 50 day moving average price of GBX 162.14 and a 200 day moving average price of GBX 159.91. The company has a current ratio of 2.04, a quick ratio of 1.16 and a debt-to-equity ratio of 37.85. The company has a market capitalization of £934.10 million, a P/E ratio of -12.75, a P/E/G ratio of 3.05 and a beta of 2.02.

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

(Get Free Report)

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.

Further Reading

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