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Elementis ( (GB:ELM) ) just unveiled an announcement.
Elementis plc has executed a share buyback program, purchasing 140,000 of its own ordinary shares at an average price of 160.9487 pence per share. This transaction, conducted through Numis Securities Limited, is part of the company’s strategy to manage its capital structure effectively. Following the cancellation of these shares, the total number of voting rights in the company will be 572,905,782, which shareholders can use to assess their interests under the FCA’s Disclosure Guidance and Transparency Rules.
The most recent analyst rating on (GB:ELM) stock is a Hold with a £169.00 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 challenges. Technical indicators show a neutral trend with slight bullish momentum. Valuation concerns arise from a negative P/E ratio and low dividend yield, impacting the overall score.
To see Spark’s full report on GB:ELM stock, click here.
More about Elementis
Elementis plc is a specialty chemicals company that operates in various sectors, focusing on the production and distribution of chemical products. The company is known for its expertise in the development of additives and other chemical solutions that serve industries such as personal care, coatings, and energy.
Average Trading Volume: 909,901
Technical Sentiment Signal: Buy
Current Market Cap: £918.7M
See more insights into ELM stock on TipRanks’ Stock Analysis page.