Elementis (LON:ELM) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Shares of Elementis plc (LON:ELM) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 164.90 and traded as high as GBX 166. Elementis shares last traded at GBX 166, with a volume of 402,059 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on ELM shares. UBS Group reaffirmed a “buy” rating and set a GBX 190 price objective on shares of Elementis in a research report on Friday, January 16th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 200 price target on shares of Elementis in a report on Thursday, October 23rd. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 195.

Elementis Stock Performance

The company has a debt-to-equity ratio of 37.85, a current ratio of 2.04 and a quick ratio of 1.16. The stock has a market capitalization of £943.28 million, a PE ratio of -12.97, a P/E/G ratio of 3.05 and a beta of 2.02. The stock has a 50 day moving average of GBX 166.05 and a two-hundred day moving average of GBX 164.90.

Insider Buying and Selling at Elementis

In related news, insider Luc van Ravenstein acquired 16,850 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The shares were purchased at an average price of GBX 156 per share, with a total value of £26,286. 1.81% of the stock is currently owned by company insiders.

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.