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Elementis ( (GB:ELM) ) has shared an update.
Elementis, a company involved in the chemical industry, has executed a share buyback program, purchasing 140,000 of its ordinary shares for cancellation at an average price of 163.1999 pence per share. This transaction reduces the total number of shares in issue to 575,713,375, impacting the company’s capital structure and potentially enhancing shareholder value by increasing earnings per share.
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: 1,015,111
Technical Sentiment Signal: Buy
Current Market Cap: £930.2M
For a thorough assessment of ELM stock, go to TipRanks’ Stock Analysis page.