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An update from Elementis ( (GB:ELM) ) is now available.
Elementis, a company involved in specialty chemicals, has announced the repurchase of 250,000 of its own ordinary shares as part of its ongoing share buyback program. This transaction, executed through Numis Securities Limited, saw shares bought at an average price of 160.6723 pence each. The buyback is part of Elementis’s strategy to manage its capital structure and return value to shareholders. Following this transaction, the total number of voting rights in the company stands at 583,097,814, which shareholders can use for interest calculations under the FCA’s rules.
The most recent analyst rating on (GB:ELM) stock is a Buy with a £170.00 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 stock is evaluated at a score of 59. The stock benefits from strong cash flow and a strategic share buyback program, indicating financial stability and shareholder value enhancement. However, profitability challenges and a negative P/E ratio weigh heavily on valuation, limiting the overall appeal.
To see Spark’s full report on GB:ELM stock, click here.
More about Elementis
Average Trading Volume: 1,441,820
Technical Sentiment Signal: Buy
Current Market Cap: £952M
See more data about ELM stock on TipRanks’ Stock Analysis page.