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The latest update is out from Elementis ( (GB:ELM) ).
Elementis plc announced the purchase and cancellation of 175,000 of its own ordinary shares as part of its ongoing share buyback program. The transaction, executed through Numis Securities Limited, reflects the company’s strategic initiative to optimize its capital structure, potentially enhancing shareholder value and signaling confidence in its financial health.
The most recent analyst rating on (GB:ELM) stock is a Buy with a £170.00 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 is positioned in a moderately favorable technical landscape, reinforced by strategic corporate actions like a share buyback program. However, financial performance is hindered by ongoing profitability issues, which limits the overall stock score.
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 used in various sectors such as personal care, coatings, and energy. The company is known for its innovative solutions and market-driven approach, catering to a diverse range of industrial applications.
Average Trading Volume: 1,470,656
Technical Sentiment Signal: Buy
Current Market Cap: £985.2M
See more insights into ELM stock on TipRanks’ Stock Analysis page.