Elementis (LON:ELM) Shares Cross Above 200 Day Moving Average of $151.57

Elementis plc (LON:ELM) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $151.57 and traded as high as $148.20. Elementis shares last traded at $147.90, with a volume of 450,129 shares trading hands.

A number of brokerages have weighed in on ELM. JPMorgan Chase & Co. reduced their price objective on Elementis from GBX 215 ($2.81) to GBX 195 ($2.55) and set an “overweight” rating for the company in a research note on Friday, July 5th. Berenberg Bank reiterated a “buy” rating on shares of Elementis in a research note on Friday, September 13th. HSBC reduced their price objective on Elementis from GBX 185 ($2.42) to GBX 165 ($2.16) and set a “hold” rating for the company in a research note on Wednesday, May 29th. Finally, UBS Group reiterated a “buy” rating and issued a GBX 185 ($2.42) price objective (down previously from GBX 200 ($2.61)) on shares of Elementis in a research note on Monday, July 29th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Elementis presently has an average rating of “Buy” and an average target price of GBX 215 ($2.81).

The company has a debt-to-equity ratio of 70.37, a current ratio of 2.37 and a quick ratio of 1.37. The stock has a 50 day simple moving average of GBX 148.17 and a two-hundred day simple moving average of GBX 151.57. The company has a market cap of $857.24 million and a PE ratio of 17.00.



The company also recently disclosed a dividend, which will be paid on Friday, September 27th. Shareholders of record on Thursday, September 5th will be paid a GBX 2.23 ($0.03) dividend. This represents a yield of 1.59%. The ex-dividend date of this dividend is Thursday, September 5th. Elementis’s dividend payout ratio is currently 0.69%.

Elementis Company Profile (LON:ELM)

Elementis plc manufactures and sells specialty chemicals in North and South America, Europe, and Asia. It operates through Specialty Products and Chromium segments. The Specialty Products segment offers functional additives to the personal care, coatings, and energy end markets, as well as oilfield and construction sectors.

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