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The latest announcement is out from Elementis ( (GB:ELM) ).
Elementis plc, a company engaged in a share buyback program, has repurchased 140,000 of its ordinary shares at an average price of 161.3979 pence per share. This transaction reduces the total number of shares in issue to 577,532,240, impacting the company’s capital structure and potentially enhancing shareholder value.
The most recent analyst rating on (GB:ELM) stock is a Hold with a £167.00 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 faces challenges with profitability and valuation, as reflected by its negative P/E ratio and recurrent net losses. While the balance sheet is stable and cash flow generation is strong, the lack of positive earnings and weak technical indicators weigh heavily on the stock’s overall score. Improving operational efficiency and profitability is crucial for future performance.
To see Spark’s full report on GB:ELM stock, click here.
More about Elementis
Average Trading Volume: 1,125,095
Technical Sentiment Signal: Strong Buy
Current Market Cap: £933.1M
For detailed information about ELM stock, go to TipRanks’ Stock Analysis page.