Elementis (LON:ELM) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Elementis plc (LON:ELM)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 165.12 and traded as high as GBX 176.80. Elementis shares last traded at GBX 167.20, with a volume of 1,035,274 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. UBS Group restated a “buy” rating and issued a GBX 190 price target on shares of Elementis in a report on Friday, January 16th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 200 target price on shares of Elementis in a research report on Thursday, October 23rd. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Elementis currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 195.

Elementis Price Performance

The company has a market cap of £950.09 million, a price-to-earnings ratio of -13.06, a P/E/G ratio of 3.05 and a beta of 2.02. The company’s 50-day simple moving average is GBX 164.93 and its 200-day simple moving average is GBX 165.12. The company has a debt-to-equity ratio of 37.85, a current ratio of 2.04 and a quick ratio of 1.16.

Insider Activity

In related news, insider Luc van Ravenstein bought 16,850 shares of the company’s stock in a transaction dated Thursday, November 20th. The stock was bought at an average price of GBX 156 per share, with a total value of £26,286. Company 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.