Elementis (LON:ELM) Share Price Breaks Above 200-Day Moving Average – Time to Sell?

Elementis plc (LON:ELM) shares crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 162.39 and traded as high as GBX 180.60. Elementis shares last traded at GBX 178.80, with a volume of 705,977 shares.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. increased their target price on shares of Elementis from GBX 186 to GBX 190 and gave the company a “neutral” rating in a research report on Wednesday, August 12th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 210 price objective on shares of Elementis in a research note on Thursday, July 30th. Berenberg Bank increased their price objective on shares of Elementis from GBX 195 to GBX 220 and gave the company a “buy” rating in a report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Elementis from GBX 200 to GBX 215 and gave the stock a “buy” rating in a research note on Friday, July 31st. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Elementis currently has an average rating of “Moderate Buy” and a consensus price target of GBX 205.

Elementis Price Performance

The stock has a market cap of £1.03 billion, a PE ratio of 14.46, a price-to-earnings-growth ratio of 3.05 and a beta of 0.93. The stock’s fifty day moving average is GBX 177.51 and its 200-day moving average is GBX 162.53. The company has a debt-to-equity ratio of 39.91, a current ratio of 2.27 and a quick ratio of 1.16.

Elementis (LON:ELM) last posted its earnings results on Thursday, July 30th. The company reported GBX 8.60 earnings per share for the quarter. Elementis had a net margin of 12.16% and a return on equity of 11.29%. As a group, equities analysts anticipate that Elementis plc will post 9.50 EPS for the current year.

Elementis Company Profile

Elementis is a global specialty chemicals company listed on the London Stock Exchange. The Group employs c.1,000 across 20 global locations. As recognised innovation leaders with deep expertise in rheology (the science of flow), and formulation solutions, we develop distinctive solutions and products to improve performance, achieve smoother production, and enhance sustainability credentials for customers across a range of industries. The Group also owns and operates the largest high-quality hectorite mine in the world.