Key Points
- Elementis insider Luc van Ravenstein purchased 13,000 shares at GBX 189 each, investing a total of £24,570.
- Elementis shares rose 1.5% to open at GBX 190, near their 52-week high of GBX 195.40; the company has a market capitalization of approximately £1.07 billion.
- Analyst sentiment is positive, with four Buy ratings and one Hold rating, an overall “Moderate Buy” consensus, and an average price target of GBX 206.
Elementis plc (LON:ELM - Get Free Report) insider Luc van Ravenstein acquired 13,000 shares of the firm's stock in a transaction that occurred on Monday, November 2nd. The stock was acquired at an average price of GBX 189 per share, for a total transaction of £24,570.
Elementis Trading Up 1.5%
Shares of Elementis stock opened at GBX 190 on Tuesday. The firm has a market capitalization of £1.07 billion, a price-to-earnings ratio of 15.08, a PEG ratio of 3.05 and a beta of 0.93. Elementis plc has a fifty-two week low of GBX 136 and a fifty-two week high of GBX 195.40. The company has a debt-to-equity ratio of 39.91, a quick ratio of 1.16 and a current ratio of 2.27. The stock has a 50 day moving average of GBX 178.35 and a 200 day moving average of GBX 164.48.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft raised Elementis to a "buy" rating and upped their price target for the company from GBX 215 to GBX 220 in a research note on Thursday, October 29th. Jefferies Financial Group reissued a "buy" rating and set a GBX 210 price objective on shares of Elementis in a research report on Wednesday, October 28th. Berenberg Bank boosted their price objective on shares of Elementis from GBX 195 to GBX 220 and gave the company a "buy" rating in a report on Friday, July 31st. Finally, JPMorgan Chase & Co. upped their target price on shares of Elementis from GBX 186 to GBX 190 and gave the company a "neutral" rating in a research report on Wednesday, August 12th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of GBX 206.
Check Out Our Latest Analysis on ELM
About Elementis
(
Get Free Report)
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.
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