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Elementis ( (GB:ELM) ) has provided an update.
Elementis has executed a share buyback program, purchasing 140,000 of its ordinary shares for cancellation at an average price of 164.2103 pence per share. This transaction is part of the company’s strategy to optimize its capital structure and potentially enhance shareholder value by reducing the number of shares in circulation, thereby increasing the ownership percentage of remaining shareholders.
The most recent analyst rating on (GB:ELM) stock is a Hold with a £166.00 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 issues. Technical indicators suggest neutral to slightly negative momentum, and valuation metrics highlight challenges due to negative earnings. The absence of earnings call insights and corporate events limits further analysis.
To see Spark’s full report on GB:ELM stock, click here.
More about Elementis
Elementis is a specialty chemicals company that operates in various sectors, including personal care, coatings, and energy. The company focuses on providing high-performance products and solutions to enhance the quality and functionality of its clients’ offerings.
Average Trading Volume: 949,153
Technical Sentiment Signal: Buy
Current Market Cap: £934.8M
See more data about ELM stock on TipRanks’ Stock Analysis page.