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Elementis ( (GB:ELM) ) just unveiled an update.
Elementis plc, a company involved in the specialty chemicals industry, announced the repurchase of 140,000 of its own ordinary shares as part of its ongoing share buyback programme. This transaction, executed through Numis Securities Limited, was completed at an average price of 163.6852 pence per share. The buyback reduces the total number of shares in issue, potentially increasing the value of remaining shares and signaling confidence in the company’s financial health.
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’ overall stock score is primarily influenced by its mixed financial performance and technical analysis. Strong cash flow generation is a positive, but profitability challenges and negative market momentum weigh on the score. Valuation concerns due to a negative P/E ratio further impact the overall assessment.
To see Spark’s full report on GB:ELM stock, click here.
More about Elementis
Average Trading Volume: 1,053,987
Technical Sentiment Signal: Strong Buy
Current Market Cap: £928.5M
For an in-depth examination of ELM stock, go to TipRanks’ Overview page.