Elementis (LON:ELM) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Elementis plc (LON:ELM)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 164.05 and traded as high as GBX 167. Elementis shares last traded at GBX 166, with a volume of 203,988 shares trading hands.

Analysts Set New Price Targets

Separately, Jefferies Financial Group restated a “buy” rating and set a GBX 200 target price on shares of Elementis in a research note on Thursday, October 23rd. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Elementis currently has an average rating of “Moderate Buy” and a consensus target price of GBX 185.

Elementis Stock Performance

The company has a fifty day moving average of GBX 163.17 and a two-hundred day moving average of GBX 164.05. The firm has a market capitalization of £945.35 million, a price-to-earnings ratio of -12.97, a PEG ratio of 3.05 and a beta of 2.02. The company has a debt-to-equity ratio of 37.85, a quick ratio of 1.16 and a current ratio of 2.04.

Insiders Place Their Bets

In other 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. 1.81% of the stock is owned by 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.