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Elementis ( (GB:ELM) ) has provided an update.
Elementis PLC has executed a share buyback program, purchasing 250,000 of its own shares at an average price of 170.5530 pence per share for cancellation. This transaction reduces the total number of shares in issue to 586,847,814, potentially impacting shareholder value and voting rights calculations under FCA regulations.
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’s overall score reflects a combination of robust cash flow generation and positive corporate actions such as share buybacks, which are offset by challenges in profitability and valuation concerns. The technical indicators suggest bullish momentum, but overbought conditions could signal a near-term correction. Long-term value will depend on improving operational efficiency and capitalizing on strategic initiatives.
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 distribution of chemical products for various markets, including personal care, coatings, and energy. The company is known for its innovative solutions and market-driven approach, catering to a global clientele.
Average Trading Volume: 1,316,160
Technical Sentiment Signal: Buy
Current Market Cap: £994.5M
For detailed information about ELM stock, go to TipRanks’ Stock Analysis page.