Elementis (LON:ELM) Stock Passes Above 200-Day Moving Average – What’s Next?

Elementis plc (LON:ELM) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 165 and traded as high as GBX 170.60. Elementis shares last traded at GBX 168.86, with a volume of 362,052 shares traded.

Analysts Set New Price Targets

Several research firms have issued reports on ELM. Jefferies Financial Group reiterated a “buy” rating and set a GBX 200 price objective on shares of Elementis in a research note on Thursday, October 23rd. UBS Group reiterated a “buy” rating and issued a GBX 190 price objective on shares of Elementis in a research report on Friday, January 16th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Elementis has a consensus rating of “Moderate Buy” and an average price target of GBX 195.

Elementis Stock Performance

The stock’s 50-day simple moving average is GBX 167.38 and its 200-day simple moving average is GBX 165. The stock has a market cap of £953.67 million, a price-to-earnings ratio of -13.11, a price-to-earnings-growth ratio of 3.05 and a beta of 2.02. The company has a current ratio of 2.04, a quick ratio of 1.16 and a debt-to-equity ratio of 37.85.

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.