Elementis plc (LON:ELM) Insider Sells £196,562.88 in Stock

Elementis plc (LON:ELM) insider Ralph Hewins sold 136,502 shares of the firm’s stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of GBX 144 ($1.82), for a total value of £196,562.88 ($248,782.28).

Elementis Stock Performance

Shares of ELM stock traded down GBX 1.20 ($0.02) on Friday, hitting GBX 143.80 ($1.82). 481,029 shares of the stock traded hands, compared to its average volume of 872,967. The company has a market capitalization of £845.30 million, a PE ratio of 3,620.00, a PEG ratio of 3.05 and a beta of 1.94. The company’s fifty day moving average is GBX 139.66 and its 200 day moving average is GBX 128.65. The company has a debt-to-equity ratio of 35.51, a current ratio of 2.20 and a quick ratio of 1.16. Elementis plc has a 1-year low of GBX 96.60 ($1.22) and a 1-year high of GBX 155 ($1.96).

Elementis Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, May 2nd will be paid a $0.02 dividend. The ex-dividend date is Thursday, May 2nd. This represents a dividend yield of 1.18%. Elementis’s payout ratio is 5,000.00%.

Analysts Set New Price Targets

A number of research firms have commented on ELM. Jefferies Financial Group reissued a “buy” rating and issued a GBX 170 ($2.15) target price on shares of Elementis in a report on Wednesday, March 20th. HSBC raised Elementis to a “buy” rating and set a GBX 170 ($2.15) price target for the company in a research note on Wednesday, March 20th. Finally, Berenberg Bank boosted their target price on shares of Elementis from GBX 170 ($2.15) to GBX 180 ($2.28) and gave the company a “buy” rating in a research note on Friday, March 8th.

Elementis Company Profile

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.