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Elementis ( (GB:ELM) ) has shared an announcement.
Elementis PLC has successfully completed its share buyback programme, purchasing over 24 million ordinary shares at a total cost of nearly £40 million. This move, which involved cancelling a significant portion of its issued share capital, is likely to impact the company’s financial structure and could influence its market positioning by enhancing shareholder value.
The most recent analyst rating on (GB:ELM) stock is a Hold with a £178.00 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’s overall stock score is driven by strong technical momentum and positive corporate actions like share buybacks and strategic acquisitions. However, financial performance is mixed with strong cash flow but persistent profitability issues, and valuation metrics are weak due to negative earnings.
To see Spark’s full report on GB:ELM stock, click here.
More about Elementis
Elementis PLC is a global specialty chemicals company that focuses on producing high-performance ingredients for various industries. Its primary products include additives and coatings, serving markets such as personal care, coatings, and energy.
Average Trading Volume: 1,033,526
Technical Sentiment Signal: Buy
Current Market Cap: £954.9M
Learn more about ELM stock on TipRanks’ Stock Analysis page.