Elementis (LON:ELM) Insider Acquires £24,570 in Stock

Elementis plc (LON:ELM) insider Luc van Ravenstein bought 13,000 shares of the firm’s stock in a transaction on Monday, November 2nd. The stock was purchased at an average price of GBX 189 per share, with a total value of £24,570.

Elementis Price Performance

Shares of LON:ELM opened at GBX 193.20 on Thursday. The firm’s 50 day moving average is GBX 178.90 and its two-hundred day moving average is GBX 164.69. The firm has a market capitalization of £1.09 billion, a P/E ratio of 15.33, a PEG ratio of 3.05 and a beta of 0.93. The company has a current ratio of 2.27, a quick ratio of 1.16 and a debt-to-equity ratio of 39.91. Elementis plc has a 52 week low of GBX 136 and a 52 week high of GBX 197.60.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Deutsche Bank Aktiengesellschaft upgraded Elementis to a “buy” rating and raised their target price for the company from GBX 215 to GBX 220 in a research report on Thursday, October 29th. Berenberg Bank raised their target price on shares of Elementis from GBX 195 to GBX 220 and gave the company a “buy” rating in a research note on Friday, July 31st. JPMorgan Chase & Co. raised their target price on shares of Elementis from GBX 186 to GBX 190 and gave the company a “neutral” rating in a research note on Wednesday, August 12th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 210 price target on shares of Elementis in a research 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’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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.