Elementis (LON:ELM) Stock: Insider Luc van Ravenstein Buys 13,000 Shares

Elementis plc (LON:ELM) insider Luc van Ravenstein purchased 13,000 shares of the stock in a transaction that occurred on Monday, November 2nd. The stock was acquired at an average cost of GBX 189 per share, with a total value of £24,570.

Elementis Stock Performance

Shares of ELM traded up GBX 3.20 during midday trading on Monday, reaching GBX 190.40. 288,322 shares of the stock were exchanged, compared to its average volume of 3,549,608. Elementis plc has a twelve month low of GBX 136 and a twelve month high of GBX 195.40. The company has a debt-to-equity ratio of 39.91, a current ratio of 2.27 and a quick ratio of 1.16. The company has a market capitalization of £1.08 billion, a price-to-earnings ratio of 15.11, a PEG ratio of 3.05 and a beta of 0.93. The business’s 50-day moving average price is GBX 178.13 and its 200 day moving average price is GBX 164.37.

Elementis (LON:ELM) last announced its earnings results on Thursday, July 30th. The company reported GBX 8.60 EPS for the quarter. Elementis had a net margin of 12.16% and a return on equity of 11.29%. On average, sell-side analysts expect that Elementis plc will post 9.50 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ELM. Berenberg Bank boosted their price objective on shares of Elementis from GBX 195 to GBX 220 and gave the stock a “buy” rating in a report on Friday, July 31st. JPMorgan Chase & Co. raised their price objective on Elementis from GBX 186 to GBX 190 and gave the company a “neutral” rating in a research note on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft upgraded Elementis to a “buy” rating and boosted their target price for the stock from GBX 215 to GBX 220 in a research report on Thursday. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 210 target price on shares of Elementis in a report on Wednesday, October 28th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Elementis currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 206.

Elementis Company Profile

Elementis is a global specialty chemicals company listed on the London Stock Exchange. The Group employs c.1,000 across 20 global locations. As recognised innovation leaders with deep expertise in rheology (the science of flow), and formulation solutions, we develop distinctive solutions and products to improve performance, achieve smoother production, and enhance sustainability credentials for customers across a range of industries. The Group also owns and operates the largest high-quality hectorite mine in the world.