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

Elementis plc (LON:ELM) shares 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. The stock had previously closed at GBX 190.

Specifically, insider Trudy Schoolenberg purchased 15,000 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The shares were acquired at an average cost of GBX 190 per share, for a total transaction of £28,500. Also, insider Luc van Ravenstein purchased 13,000 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The shares were acquired at an average cost of GBX 189 per share, with a total value of £24,570.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. lifted their price objective on Elementis from GBX 186 to GBX 190 and gave the company a “neutral” rating in a research report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft raised Elementis to a “buy” rating and boosted their price objective for the stock from GBX 215 to GBX 220 in a report on Thursday, October 29th. Berenberg Bank raised their price target on Elementis from GBX 195 to GBX 220 and gave the stock a “buy” rating in a research report on Friday, July 31st. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 210 price objective on shares of Elementis in a report on Wednesday, October 28th. Four 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 206.

Elementis Stock Down 0.5%

The firm has a market capitalization of £1.07 billion, a P/E ratio of 15.00, a PEG ratio of 3.05 and a beta of 0.93. The firm’s 50-day moving average is GBX 178.35 and its 200 day moving average is GBX 164.48. The company has a debt-to-equity ratio of 39.91, a quick ratio of 1.16 and a current ratio of 2.27.

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.