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

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

Elementis Price Performance

Elementis stock opened at GBX 143.80 ($1.82) on Monday. The stock’s fifty day moving average price is GBX 139.77 and its two-hundred day moving average price is GBX 128.90. Elementis plc has a one year low of GBX 96.60 ($1.22) and a one year high of GBX 155 ($1.96). The company has a debt-to-equity ratio of 35.51, a current ratio of 2.20 and a quick ratio of 1.16. The firm has a market cap of £845.30 million, a PE ratio of 3,595.00, a price-to-earnings-growth ratio of 3.05 and a beta of 1.94.

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 of this dividend is Thursday, May 2nd. This represents a dividend yield of 1.18%. Elementis’s payout ratio is 5,000.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. HSBC upgraded Elementis to a “buy” rating and set a GBX 170 ($2.15) target price on the stock in a research note on Wednesday, March 20th. Jefferies Financial Group restated a “buy” rating and set a GBX 170 ($2.15) price objective on shares of Elementis in a research note on Wednesday, March 20th. Finally, Berenberg Bank raised their price objective on Elementis from GBX 170 ($2.15) to GBX 180 ($2.28) and gave the stock 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.