Elementis (LON:ELM) Insider Purchases £28,500 in Stock

Elementis plc (LON:ELM) insider Trudy Schoolenberg acquired 15,000 shares of the firm’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.

Elementis Stock Performance

Shares of ELM stock opened at GBX 193.20 on Thursday. Elementis plc has a 52-week low of GBX 136 and a 52-week high of GBX 197.60. The company has a quick ratio of 1.16, a current ratio of 2.27 and a debt-to-equity ratio of 39.91. The stock has a market cap of £1.09 billion, a PE ratio of 15.33, a price-to-earnings-growth ratio of 3.05 and a beta of 0.93. The business has a 50-day simple moving average of GBX 178.90 and a 200-day simple moving average of GBX 164.69.

Analyst Ratings Changes

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

About Elementis

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.