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The latest update is out from Elementis ( (GB:ELM) ).
Elementis plc has executed a share buyback program, purchasing 138,865 of its ordinary shares at an average price of 162.3307 pence per share. This transaction, conducted through Numis Securities Limited, is part of the company’s strategy to optimize its capital structure and enhance shareholder value. Following this buyback, the total number of voting rights in the company stands at 577,113,375, which stakeholders can use to assess their interest in the company.
The most recent analyst rating on (GB:ELM) stock is a Hold with a £167.00 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 challenges with profitability and valuation, as reflected by its negative P/E ratio and recurrent net losses. While the balance sheet is stable and cash flow generation is strong, the lack of positive earnings and weak technical indicators weigh heavily on the stock’s overall score. 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
Elementis plc operates in the specialty chemicals industry, focusing on the production and supply of chemical products used in a variety of sectors, including personal care, coatings, and energy. The company is known for its innovative solutions and market-driven approach, catering to a global clientele.
Average Trading Volume: 1,105,848
Technical Sentiment Signal: Strong Buy
Current Market Cap: £932.4M
Find detailed analytics on ELM stock on TipRanks’ Stock Analysis page.