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An announcement from Elementis ( (GB:ELM) ) is now available.
Elementis plc has executed a share buyback program, purchasing 250,000 of its own ordinary shares at an average price of 168.8524 pence per share. This move is part of a previously announced buyback initiative aimed at reducing the number of shares in circulation, potentially enhancing shareholder value and signaling confidence in the company’s financial health. The transaction impacts the total number of voting rights, which now stands at 584,847,814, providing stakeholders with updated figures for regulatory compliance.
The most recent analyst rating on (GB:ELM) stock is a Buy with a £190.00 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’ stock score is primarily supported by strong technical indicators and positive corporate actions like the share buyback. However, the score is constrained by ongoing profitability challenges and valuation concerns due to a negative P/E ratio.
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 sectors such as personal care, coatings, and energy. The company is known for its expertise in rheology and other performance-enhancing additives, serving a global market with a diverse range of applications.
Average Trading Volume: 1,381,699
Technical Sentiment Signal: Buy
Current Market Cap: £980.2M
For a thorough assessment of ELM stock, go to TipRanks’ Stock Analysis page.