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Elementis ( (GB:ELM) ) has shared an update.
Elementis plc, a company engaged in a share buyback programme, announced the purchase and cancellation of 140,000 ordinary shares at an average price of 166.4665 pence per share. This transaction reduces the total number of shares in issue to 575,433,375, impacting the company’s voting rights and potentially influencing shareholder interests.
The most recent analyst rating on (GB:ELM) stock is a Hold with a £166.00 price target. To see the full list of analyst forecasts on Elementis stock, see the GB:ELM Stock Forecast page.
Spark’s Take on GB:ELM Stock
According to Spark, TipRanks’ AI Analyst, GB:ELM is a Neutral.
Elementis faces significant profitability challenges, reflected in its negative P/E ratio and ongoing losses. Despite strong cash flow and a stable balance sheet, the stock’s valuation and technical indicators suggest caution. Improving operational efficiency and profitability is crucial for future performance.
To see Spark’s full report on GB:ELM stock, click here.
More about Elementis
Average Trading Volume: 1,000,058
Technical Sentiment Signal: Buy
Current Market Cap: £942.6M
For an in-depth examination of ELM stock, go to TipRanks’ Overview page.