Elementis (LON:ELM) Reaches New 12-Month High on Insider Buying Activity

Shares of Elementis plc (LON:ELM) hit a new 52-week high during trading on Tuesday following insider buying activity. The company traded as high as GBX 196.09 and last traded at GBX 189, with a volume of 200,141 shares changing hands. The stock had previously closed at GBX 190.

Specifically, insider Trudy Schoolenberg purchased 15,000 shares of the business’s stock in a transaction dated Monday, November 2nd. The stock was bought at an average cost of GBX 190 per share, with a total value of £28,500. Also, insider Luc van Ravenstein acquired 13,000 shares of Elementis stock in a transaction dated Monday, November 2nd. The stock was bought at an average price of GBX 189 per share, for a total transaction of £24,570.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ELM. JPMorgan Chase & Co. lifted their price objective on Elementis from GBX 186 to GBX 190 and gave the stock a “neutral” rating in a research report on Wednesday, August 12th. Jefferies Financial Group restated a “buy” rating and issued a GBX 210 target price on shares of Elementis in a report on Wednesday, October 28th. Deutsche Bank Aktiengesellschaft raised shares of Elementis to a “buy” rating and raised their price target for the stock from GBX 215 to GBX 220 in a research note on Thursday, October 29th. Finally, Berenberg Bank raised their price target on shares of Elementis from GBX 195 to GBX 220 and gave the stock a “buy” rating in a research note on Friday, July 31st. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Elementis presently has an average rating of “Moderate Buy” and a consensus target price of GBX 206.

Elementis Stock Up 1.2%

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 firm has a market cap of £1.09 billion, a PE ratio of 15.33, a PEG ratio of 3.05 and a beta of 0.93. The stock has a fifty day moving average price of GBX 178.90 and a 200-day moving average price of GBX 164.69.

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.