Elementis (LON:ELM) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Elementis plc (LON:ELM) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 164.05 and traded as high as GBX 167. Elementis shares last traded at GBX 166, with a volume of 203,988 shares traded.

Analysts Set New Price Targets

Separately, Jefferies Financial Group restated 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 issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 185.

Elementis Price Performance

The business has a fifty day moving average of GBX 163.17 and a 200 day moving average of GBX 164.05. The firm has a market cap of £945.35 million, a P/E ratio of -12.97, a PEG ratio of 3.05 and a beta of 2.02. The company has a quick ratio of 1.16, a current ratio of 2.04 and a debt-to-equity ratio of 37.85.

Insider Activity at Elementis

In other Elementis news, insider Luc van Ravenstein bought 16,850 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The shares were acquired at an average cost of GBX 156 per share, with a total value of £26,286. Corporate insiders own 1.81% of the company’s stock.

About Elementis

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.