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Elementis ( (GB:ELM) ) has provided an announcement.
Elementis plc announced a correction to its previous statement regarding a share buyback transaction. The company has confirmed the purchase of 140,000 of its own ordinary shares at an average price of 162.5024 pence per share, as part of its ongoing share buyback program. This transaction affects the company’s total number of shares in issue and voting rights, which stakeholders can use for regulatory notifications.
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 plc operates in the specialty chemicals industry, focusing on the production and supply of chemical products for various markets, including personal care, coatings, and energy.
Average Trading Volume: 949,153
Technical Sentiment Signal: Buy
Current Market Cap: £934.8M
For a thorough assessment of ELM stock, go to TipRanks’ Stock Analysis page.