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Elementis ( (GB:ELM) ) has provided an update.
Elementis plc has executed a share buyback program, purchasing 140,000 of its own ordinary shares at an average price of 164.6147 pence per share. This move is part of a strategic initiative to optimize capital structure and enhance shareholder value, reducing the total number of shares in circulation and potentially increasing earnings per share.
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 faces significant profitability challenges, reflected in its negative P/E ratio and ongoing losses. Despite strong cash flow and a stable balance sheet, the stock’s valuation and technical indicators suggest caution. Improving operational efficiency and profitability is crucial for future performance.
To see Spark’s full report on GB:ELM stock, click here.
More about Elementis
Elementis plc operates in the specialty chemicals industry, providing a range of products and services that cater to various market sectors including personal care, coatings, and energy. The company focuses on delivering high-performance solutions to enhance product quality and sustainability for its clients.
Average Trading Volume: 988,503
Technical Sentiment Signal: Buy
Current Market Cap: £957.3M
For detailed information about ELM stock, go to TipRanks’ Stock Analysis page.