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Elementis ( (GB:ELM) ) has shared an announcement.
Elementis, a company involved in a share buyback programme, announced the purchase of 140,000 ordinary shares at an average price of 160.5152 pence per share for cancellation. This transaction, executed through Numis Securities Limited, is part of a previously announced buyback initiative aimed at reducing the number of shares in circulation, potentially enhancing shareholder value and optimizing the company’s capital structure.
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 faces profitability challenges, reflected in a negative P/E ratio and net losses. While cash flow generation is strong and the balance sheet is stable, technical indicators suggest bearish momentum. The stock’s valuation metrics warrant caution, with a modest dividend yield offering limited compensation for risks.
To see Spark’s full report on GB:ELM stock, click here.
More about Elementis
Average Trading Volume: 1,086,961
Technical Sentiment Signal: Buy
Current Market Cap: £926.2M
Find detailed analytics on ELM stock on TipRanks’ Stock Analysis page.