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Elementis ( (GB:ELM) ) just unveiled an announcement.
Elementis, a company operating a share buyback programme, announced the purchase and cancellation of 140,000 of its ordinary shares at an average price of 163.5446 pence per share. This transaction reduces the total number of shares in issue to 574,733,375, impacting the number of voting rights for shareholders and reflecting the company’s ongoing efforts to manage its capital structure.
The most recent analyst rating on (GB:ELM) stock is a Hold with a £171.00 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 moderate overall stock score of 59. The strong cash flow generation and stable balance sheet are positive factors, but the negative profitability and valuation concerns due to a negative P/E ratio weigh heavily on the score. Technical indicators show neutral momentum, providing neither strong bullish nor bearish signals.
To see Spark’s full report on GB:ELM stock, click here.
More about Elementis
Average Trading Volume: 946,273
Technical Sentiment Signal: Buy
Current Market Cap: £936.6M
See more data about ELM stock on TipRanks’ Stock Analysis page.