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The latest update is out from Elementis ( (GB:ELM) ).
Elementis plc has executed a share buyback program, purchasing 140,000 of its ordinary shares for cancellation at an average price of 164.4551 pence per share. This transaction, conducted through Numis Securities Limited, reduces the total number of shares in issue to 573,123,403, potentially impacting the company’s market positioning and shareholder value.
The most recent analyst rating on (GB:ELM) stock is a Hold with a £169.00 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 has a mixed financial performance with strong cash flow but ongoing profitability challenges. Technical indicators show a neutral trend with slight bullish momentum. Valuation concerns arise from a negative P/E ratio and low dividend yield, impacting the overall score.
To see Spark’s full report on GB:ELM stock, click here.
More about Elementis
Elementis plc operates in the specialty chemicals industry, providing a range of products and services primarily focused on coatings, personal care, and energy markets.
Average Trading Volume: 924,394
Technical Sentiment Signal: Buy
Current Market Cap: £940.7M
See more data about ELM stock on TipRanks’ Stock Analysis page.