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Elementis ( (GB:ELM) ) has issued an update.
Elementis PLC has executed a share buyback program, purchasing 140,000 of its own ordinary shares at an average price of 160.3768 pence per share. This transaction reduces the total number of shares in issue, potentially increasing shareholder value and reflecting the company’s confidence in its financial health.
The most recent analyst rating on (GB:ELM) stock is a Hold with a £164.00 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 moderate overall stock score. The most significant factor is the mixed financial performance, with strong cash flow but ongoing profitability challenges. Technical analysis suggests weak momentum, and valuation metrics are concerning due to negative earnings. The absence of earnings call and corporate events data limits further insights.
To see Spark’s full report on GB:ELM stock, click here.
More about Elementis
Elementis PLC operates in the specialty chemicals industry, providing a range of products including additives, coatings, and personal care ingredients. The company focuses on delivering innovative solutions to enhance product performance across various sectors.
Average Trading Volume: 1,093,342
Technical Sentiment Signal: Strong Buy
Current Market Cap: £926.2M
For detailed information about ELM stock, go to TipRanks’ Stock Analysis page.