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Elementis ( (GB:ELM) ) has provided an announcement.
Elementis plc has executed a share buyback program, purchasing 140,000 of its own ordinary shares at an average price of 167.0471 pence per share for cancellation. This move is part of a strategy to optimize capital structure and potentially enhance shareholder value, as the total number of voting rights in the company will be adjusted accordingly.
The most recent analyst rating on (GB:ELM) stock is a Buy with a £200.00 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 receives a moderate score of 60, primarily driven by strong cash flow generation and stable technical indicators. However, the negative P/E ratio and ongoing profitability issues weigh heavily on the overall score. The absence of earnings call insights and corporate events limits additional context.
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 of performance-critical additives and ingredients. The company serves a diverse range of markets, including personal care, coatings, and energy, providing solutions that enhance product performance and sustainability.
Average Trading Volume: 950,541
Technical Sentiment Signal: Buy
Current Market Cap: £978.1M
For a thorough assessment of ELM stock, go to TipRanks’ Stock Analysis page.