Elementis (LON:ELM) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

Elementis plc (LON:ELM)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 158.01 and traded as low as GBX 156.80. Elementis shares last traded at GBX 158.50, with a volume of 659,352 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 200 price target on shares of Elementis in a report on Wednesday, June 3rd. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 210 price objective on shares of Elementis in a research report on Tuesday, June 2nd. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 200.

Elementis Trading Down 1.1%

The company has a market cap of £885.85 million, a P/E ratio of -19.90, a price-to-earnings-growth ratio of 3.05 and a beta of 0.92. The company has a quick ratio of 1.16, a current ratio of 1.90 and a debt-to-equity ratio of 39.85. The firm’s 50-day moving average price is GBX 151.68 and its 200-day moving average price is GBX 158.01.

Elementis declared that its Board of Directors has authorized a stock buyback plan on Wednesday, June 3rd that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Elementis Company Profile

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.