Elementis plc (LON:ELM) Insider Heejae Chae Acquires 34,000 Shares

Elementis plc (LON:ELM) insider Heejae Chae purchased 34,000 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was purchased at an average cost of GBX 146 ($1.83) per share, with a total value of £49,640 ($62,361.81).

Elementis Stock Performance

Shares of LON:ELM opened at GBX 145 ($1.82) on Thursday. The stock has a market capitalization of £852.35 million, a P/E ratio of 3,625.00, a P/E/G ratio of 3.05 and a beta of 1.94. Elementis plc has a 1-year low of GBX 96.60 ($1.21) and a 1-year high of GBX 155 ($1.95). The company has a current ratio of 2.20, a quick ratio of 1.16 and a debt-to-equity ratio of 35.51. The business has a 50-day moving average price of GBX 141.46 and a two-hundred day moving average price of GBX 131.86.

Elementis Cuts Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. HSBC upgraded shares of Elementis to a “buy” rating and set a GBX 170 ($2.14) price target on the stock in a research note on Wednesday, March 20th. Berenberg Bank lifted their price target on Elementis from GBX 170 ($2.14) to GBX 180 ($2.26) and gave the company a “buy” rating in a report on Friday, March 8th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 170 ($2.14) price target on shares of Elementis in a report on Wednesday, March 20th.

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.