Elementis (LON:ELM) Receives “Buy” Rating from Jefferies Financial Group

Elementis (LON:ELM)‘s stock had its “buy” rating reissued by Jefferies Financial Group in a research report issued to clients and investors on Friday, LSE.Co.UK reports. They presently have a GBX 170 ($2.18) price target on the stock. Jefferies Financial Group’s price target would suggest a potential upside of 12.29% from the stock’s previous close.

Separately, HSBC upgraded shares of Elementis to a “buy” rating and set a GBX 170 ($2.18) target price for the company in a research note on Wednesday, March 20th.

Elementis Stock Down 1.0 %

Shares of LON:ELM traded down GBX 1.60 ($0.02) during mid-day trading on Friday, reaching GBX 151.40 ($1.94). 345,302 shares of the stock were exchanged, compared to its average volume of 876,034. The stock’s 50 day simple moving average is GBX 146.94 and its 200-day simple moving average is GBX 140.16. Elementis has a one year low of GBX 100.60 ($1.29) and a one year high of GBX 161.09 ($2.06). The company has a market cap of £891.93 million, a P/E ratio of 3,785.00, a P/E/G ratio of 3.05 and a beta of 1.94. The company has a quick ratio of 1.16, a current ratio of 2.20 and a debt-to-equity ratio of 35.51.

Insider Activity at Elementis

In other news, insider Paul Waterman sold 350,000 shares of Elementis stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of GBX 150 ($1.92), for a total transaction of £525,000 ($672,473.42). In other news, insider Heejae Chae acquired 34,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were acquired at an average cost of GBX 146 ($1.87) per share, with a total value of £49,640 ($63,583.96). Also, insider Paul Waterman sold 350,000 shares of the company’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of GBX 150 ($1.92), for a total value of £525,000 ($672,473.42). 4.18% of the stock is currently owned by corporate insiders.

About Elementis

Elementis plc operates as a specialty chemical company in the United Kingdom, rest of Europe, North America, and internationally. It operates in two segments, Performance Specialties and Personal Care. The Performance Specialties segment engages in the production of rheological modifiers and additives for decorative and industrial coatings; and production and supply of talc for use in plastics, coatings, technical ceramics, and paper sectors.