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Elementis ( (GB:ELM) ) has issued an announcement.
Elementis plc, a company engaged in a share buyback program, announced the purchase and cancellation of 140,000 of its own ordinary shares at an average price of 162.1898 pence per share. This transaction reduces the total number of shares in issue to 572,076,288, impacting the company’s share capital structure and potentially influencing shareholder value.
The most recent analyst rating on (GB:ELM) stock is a Hold with a £169.00 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 challenges. Technical indicators show a neutral trend with slight bullish momentum. Valuation concerns arise from a negative P/E ratio and low dividend yield, impacting the overall score.
To see Spark’s full report on GB:ELM stock, click here.
More about Elementis
Average Trading Volume: 1,017,072
Technical Sentiment Signal: Strong Buy
Current Market Cap: £923.1M
See more insights into ELM stock on TipRanks’ Stock Analysis page.