Insider Buying: Elementis plc (LON:ELM) Insider Acquires 34,000 Shares of Stock

Elementis plc (LON:ELM) insider Heejae Chae bought 34,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The shares were acquired at an average cost of GBX 146 ($1.83) per share, for a total transaction of £49,640 ($62,361.81).

Elementis Trading Down 1.0 %

LON ELM opened at GBX 145 ($1.82) on Thursday. The company has a market capitalization of £852.35 million, a price-to-earnings ratio of 3,625.00, a price-to-earnings-growth ratio of 3.05 and a beta of 1.94. The firm’s fifty day moving average price is GBX 141.46 and its 200 day moving average price is GBX 131.86. The company has a debt-to-equity ratio of 35.51, a current ratio of 2.20 and a quick ratio of 1.16. Elementis plc has a 12 month low of GBX 96.60 ($1.21) and a 12 month high of GBX 155 ($1.95).

Elementis Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, May 2nd will be paid a $0.02 dividend. This represents a dividend yield of 1.18%. The ex-dividend date is Thursday, May 2nd. Elementis’s dividend payout ratio (DPR) is presently 5,000.00%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ELM. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 170 ($2.14) target price on shares of Elementis in a report on Wednesday, March 20th. Berenberg Bank increased their price objective on shares of Elementis from GBX 170 ($2.14) to GBX 180 ($2.26) and gave the company a “buy” rating in a research report on Friday, March 8th. Finally, HSBC upgraded shares of Elementis to a “buy” rating and set a GBX 170 ($2.14) target price for the company in a research note on Wednesday, March 20th.

About Elementis

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.