Elementis (LON:ELM) Stock: Insider Luc van Ravenstein Purchases 13,000 Shares

Elementis plc (LON:ELM) insider Luc van Ravenstein acquired 13,000 shares of the business’s stock in a transaction that occurred on Monday, November 2nd. The shares were acquired at an average cost of GBX 189 per share, with a total value of £24,570.

Elementis Trading Up 1.7%

ELM traded up GBX 3.20 on Monday, hitting GBX 190.40. The company had a trading volume of 288,322 shares, compared to its average volume of 3,549,608. The company’s fifty day moving average price is GBX 178.13 and its 200 day moving average price is GBX 164.37. Elementis plc has a 1 year low of GBX 136 and a 1 year high of GBX 195.40. The company has a current ratio of 2.27, a quick ratio of 1.16 and a debt-to-equity ratio of 39.91. The firm has a market cap of £1.08 billion, a P/E ratio of 15.11, a PEG ratio of 3.05 and a beta of 0.93.

Elementis (LON:ELM) last announced 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 expect that Elementis plc will post 9.50 earnings per share for the current year.

Analysts Set New Price Targets

ELM has been the subject of a number of research analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Elementis from GBX 186 to GBX 190 and gave the stock a “neutral” rating in a research report on Wednesday, August 12th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 210 target price on shares of Elementis in a research report on Wednesday, October 28th. Deutsche Bank Aktiengesellschaft upgraded Elementis to a “buy” rating and upped their price target for the stock from GBX 215 to GBX 220 in a research note on Thursday. Finally, Berenberg Bank raised their price target on Elementis from GBX 195 to GBX 220 and gave the stock a “buy” rating in a research report on Friday, July 31st. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 206.

About Elementis

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.