Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Elementis ( (GB:ELM) ) has shared an announcement.
Elementis, a company engaged in a share buyback program, has repurchased 140,000 of its own ordinary shares at an average price of 160.5195 pence per share. This transaction is part of their ongoing strategy to manage share capital and enhance shareholder value, reducing the total number of shares in issue to 576,273,375, which may impact voting rights calculations for shareholders.
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
Average Trading Volume: 1,081,074
Technical Sentiment Signal: Strong Buy
Current Market Cap: £925.5M
Find detailed analytics on ELM stock on TipRanks’ Stock Analysis page.