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Elementis ( (GB:ELM) ) has issued an update.
Elementis plc has executed a share buyback, purchasing 140,000 of its own ordinary shares as part of its ongoing Share Buyback Programme. This move, conducted through Numis Securities Limited, is aimed at optimizing the company’s capital structure and potentially enhancing shareholder value. The repurchased shares will be held in treasury, adjusting the total voting rights to 578,092,240, which stakeholders can use for regulatory compliance under the FCA’s rules.
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’ overall stock score is driven by strong corporate actions such as share buybacks, indicating confidence in its financial health. However, profitability challenges and a negative P/E ratio weigh down the score. Technical indicators suggest stability, but valuation concerns persist.
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 innovative solutions and maintaining a strong presence in the global market.
Average Trading Volume: 1,164,825
Technical Sentiment Signal: Buy
Current Market Cap: £952.5M
See more insights into ELM stock on TipRanks’ Stock Analysis page.