Elementis (LON:ELM) Insider Acquires 15,000 Shares of Company Stock

Elementis plc (LON:ELM) insider Trudy Schoolenberg bought 15,000 shares of the company’s stock in a transaction on Monday, November 2nd. The shares were bought at an average price of GBX 190 per share, with a total value of £28,500.

Elementis Trading Up 1.5%

LON:ELM traded up GBX 2.80 during trading hours on Monday, reaching GBX 190. The company’s stock had a trading volume of 577,002 shares, compared to its average volume of 3,550,970. The firm has a 50-day simple moving average of GBX 178.13 and a 200-day simple moving average of GBX 164.37. Elementis plc has a 1 year low of GBX 136 and a 1 year high of GBX 195.40. The firm has a market capitalization of £1.07 billion, a price-to-earnings ratio of 15.08, a PEG ratio of 3.05 and a beta of 0.93. 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 (LON:ELM) last released its earnings results on Thursday, July 30th. The company reported GBX 8.60 earnings per share for the quarter. Elementis had a return on equity of 11.29% and a net margin of 12.16%. Research analysts expect that Elementis plc will post 9.50 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft raised shares of Elementis to a “buy” rating and raised their target price for the company from GBX 215 to GBX 220 in a research note on Thursday. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 210 price objective on shares of Elementis in a research report on Wednesday, October 28th. Berenberg Bank boosted their price target on Elementis from GBX 195 to GBX 220 and gave the company a “buy” rating in a research note on Friday, July 31st. Finally, 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. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.