Elementis (LON:ELM) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of Elementis plc (LON:ELM) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 164.86 and traded as high as GBX 176.60. Elementis shares last traded at GBX 167.86, with a volume of 326,370 shares changing hands.

Analyst Ratings Changes

Separately, UBS Group reaffirmed a “buy” rating and issued a GBX 190 target price on shares of Elementis in a research note on Friday, January 16th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Elementis currently has an average rating of “Moderate Buy” and a consensus target price of GBX 195.

Elementis Price Performance

The company has a market cap of £952.53 million, a PE ratio of -13.09, a PEG ratio of 3.05 and a beta of 2.02. The firm’s 50-day moving average is GBX 167.71 and its 200-day moving average is GBX 164.86. The company has a quick ratio of 1.16, a current ratio of 2.04 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.