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Elementis ( (GB:ELM) ) just unveiled an update.
Elementis PLC has executed a share buyback program, purchasing 250,000 of its own ordinary shares for cancellation at an average price of 162.5614 pence per share. This transaction reduces the total number of shares in issue to 583,347,814, potentially enhancing shareholder value and reflecting the company’s confidence in its financial position.
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.
The overall stock score is driven by a mix of strong cash flow generation and positive corporate strategies such as share buybacks, which demonstrate management’s confidence in the company. However, profitability issues and a negative P/E ratio pose challenges. Technical indicators show a neutral to slightly positive trend, supporting a balanced outlook.
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 used in a variety of markets, including personal care, coatings, and energy.
Average Trading Volume: 1,440,594
Technical Sentiment Signal: Buy
Current Market Cap: £952M
Learn more about ELM stock on TipRanks’ Stock Analysis page.