Elementis (LON:ELM) Shares Pass Above 200-Day Moving Average – Should You Sell?

Elementis plc (LON:ELM)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 165 and traded as high as GBX 170.60. Elementis shares last traded at GBX 168.86, with a volume of 362,052 shares changing hands.

Analysts Set New Price Targets

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

Elementis Stock Down 1.1%

The firm has a market capitalization of £953.67 million, a P/E ratio of -13.11, a P/E/G ratio of 3.05 and a beta of 2.02. The stock has a fifty day moving average price of GBX 167.38 and a two-hundred day moving average price of GBX 165. The company has a debt-to-equity ratio of 37.85, a quick ratio of 1.16 and a current ratio of 2.04.

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.