Elementis plc (LON:ELM – Get Free Report)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 157.56 and traded as low as GBX 156. Elementis shares last traded at GBX 158.20, with a volume of 1,407,012 shares traded.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on the stock. Jefferies Financial Group reissued a “buy” rating and set a GBX 210 price objective on shares of Elementis in a research note on Tuesday, June 2nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 200 target price on shares of Elementis in a report on Wednesday, June 3rd. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Elementis has a consensus rating of “Moderate Buy” and a consensus target price of GBX 200.
Check Out Our Latest Research Report on ELM
Elementis Price Performance
Elementis announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, June 3rd that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.
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.
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