Elementis (LON:ELM) Reaches New 12-Month High at $168.60

Elementis plc (LON:ELM) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 168.60 ($2.23) and last traded at GBX 165 ($2.18), with a volume of 1013173 shares. The stock had previously closed at GBX 159.40 ($2.11).

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 170 ($2.25) target price on shares of Elementis in a research report on Friday, July 12th.

Elementis Stock Performance

The company’s 50-day moving average price is GBX 155.81 and its 200 day moving average price is GBX 148.35. The stock has a market capitalization of £959.09 million, a PE ratio of -4,070.00, a PEG ratio of 3.05 and a beta of 2.01. The company has a debt-to-equity ratio of 37.85, a quick ratio of 1.16 and a current ratio of 2.04.

Elementis Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, September 27th. Investors of record on Thursday, August 15th will be given a dividend of $0.01 per share. The ex-dividend date is Thursday, August 15th. This represents a dividend yield of 0.54%. Elementis’s dividend payout ratio is presently -7,500.00%.

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.