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Elementis ( (GB:ELM) ) has shared an announcement.
Elementis PLC has executed a share buyback program, purchasing 140,000 of its own ordinary shares at an average price of 161.4218 pence per share. This move is part of a previously announced strategy to optimize capital structure and enhance shareholder value, reducing the total number of shares in issue to 576,553,375, which may impact shareholder voting rights and interest calculations.
The most recent analyst rating on (GB:ELM) stock is a Hold with a £164.00 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 profitability challenges, reflected in a negative P/E ratio and net losses. While cash flow generation is strong and the balance sheet is stable, technical indicators suggest bearish momentum. The stock’s valuation metrics warrant caution, with a modest dividend yield offering limited compensation for risks.
To see Spark’s full report on GB:ELM stock, click here.
More about Elementis
Elementis PLC operates within the specialty chemicals industry, focusing on the production and supply of chemical products that serve various markets, including personal care, coatings, and energy sectors.
Average Trading Volume: 1,081,731
Technical Sentiment Signal: Strong Buy
Current Market Cap: £920M
Find detailed analytics on ELM stock on TipRanks’ Stock Analysis page.