Shares of Elementis plc (LON:ELM – Get Free Report) crossed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of GBX 163.74 and traded as high as GBX 185.60. Elementis shares last traded at GBX 185.20, with a volume of 707,130 shares traded.
Analyst Ratings Changes
Several research firms have recently weighed in on ELM. Deutsche Bank Aktiengesellschaft lifted their price objective on Elementis from GBX 200 to GBX 215 and gave the company a “buy” rating in a research note on Friday, July 31st. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 210 price target on shares of Elementis in a report on Thursday, July 30th. JPMorgan Chase & Co. upped their target price on Elementis from GBX 186 to GBX 190 and gave the stock a “neutral” rating in a research report on Wednesday, August 12th. Finally, Berenberg Bank upped their price target on Elementis from GBX 195 to GBX 220 and gave the stock a “buy” rating in a report on Friday, July 31st. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 205.
Get Our Latest Analysis on Elementis
Elementis Stock Up 1.0%
The stock has a market capitalization of £1.05 billion, a P/E ratio of 14.70, a P/E/G 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. The stock’s 50 day simple moving average is GBX 177.60 and its 200 day simple moving average is GBX 163.74.
Elementis (LON:ELM – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported GBX 8.60 earnings per share (EPS) for the quarter. Elementis had a return on equity of 11.29% and a net margin of 12.16%. As a group, research analysts predict that Elementis plc will post 9.50 EPS for the current fiscal year.
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.
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