Jefferies Financial Group Reaffirms Buy Rating for Elementis (LON:ELM)

Jefferies Financial Group reissued their buy rating on shares of Elementis (LON:ELM) in a research report released on Friday morning, Marketbeat reports. The firm currently has a GBX 170 ($2.20) target price on the stock.

Separately, HSBC raised Elementis to a buy rating and set a GBX 170 ($2.20) target price on the stock in a research report on Wednesday, March 20th.

Elementis Stock Performance

Shares of Elementis stock opened at GBX 148.40 ($1.92) on Friday. The business has a 50-day simple moving average of GBX 147.17 and a 200 day simple moving average of GBX 140.56. Elementis has a one year low of GBX 100.60 ($1.30) and a one year high of GBX 161.09 ($2.09). The company has a debt-to-equity ratio of 35.51, a current ratio of 2.20 and a quick ratio of 1.16. The firm has a market capitalization of £874.25 million, a price-to-earnings ratio of 3,710.00, a PEG ratio of 3.05 and a beta of 1.94.

Insider Activity at Elementis

In related news, insider Heejae Chae purchased 34,000 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was acquired at an average price of GBX 146 ($1.89) per share, for a total transaction of £49,640 ($64,375.57). In related news, insider Heejae Chae bought 34,000 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were bought at an average price of GBX 146 ($1.89) per share, for a total transaction of £49,640 ($64,375.57). Also, insider Paul Waterman sold 350,000 shares of Elementis stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of GBX 150 ($1.95), for a total value of £525,000 ($680,845.55). 4.18% of the stock is owned by insiders.

Elementis Company Profile

Elementis plc operates as a specialty chemical company in the United Kingdom, rest of Europe, North America, and internationally. It operates in two segments, Performance Specialties and Personal Care. The Performance Specialties segment engages in the production of rheological modifiers and additives for decorative and industrial coatings; and production and supply of talc for use in plastics, coatings, technical ceramics, and paper sectors.