Elementis (LON:ELM) Stock Passes Above 200-Day Moving Average – Should You Sell?

Elementis plc (LON:ELM – Get Free Report)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 159.77 and traded as high as GBX 182.60. Elementis shares last traded at GBX 176.93, with a volume of 1,408,373 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on ELM shares. Berenberg Bank upped their price target on shares of Elementis from GBX 195 to GBX 220 and gave the stock a “buy” rating in a research note on Friday, July 31st. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 210 price objective on shares of Elementis in a research note on Thursday, July 30th. JPMorgan Chase & Co. boosted their price objective on shares of Elementis from GBX 186 to GBX 190 and gave the stock a “neutral” rating in a report on Wednesday, August 12th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Elementis from GBX 200 to GBX 215 and gave the stock a “buy” rating in a research report on Friday, July 31st. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Elementis has an average rating of “Moderate Buy” and an average target price of GBX 205.

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Elementis Price Performance

The company has a market cap of £1.01 billion, a price-to-earnings ratio of 14.04, a price-to-earnings-growth ratio of 3.05 and a beta of 0.93. The company has a fifty day simple moving average of GBX 170.75 and a two-hundred day simple moving average of GBX 159.77. The company has a quick ratio of 1.16, a current ratio of 2.27 and a debt-to-equity ratio of 39.91.

Elementis (LON:ELM – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported GBX 8.60 EPS for the quarter. Elementis had a net margin of 12.16% and a return on equity of 11.29%. On average, equities research analysts anticipate that Elementis plc will post 9.4993582 earnings per share for the current fiscal year.

Elementis declared that its Board of Directors has authorized a share buyback program on Wednesday, June 3rd that allows the company to buyback 0 shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

About Elementis

(Get Free Report)

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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