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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 for cancellation at an average price of 155.5438 pence per share. This move reduces the total number of shares in issue to 571,106,515, potentially increasing shareholder value and reflecting confidence in the company’s financial health.
The most recent analyst rating on (GB:ELM) stock is a Hold with a £169.00 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 mixed financial performance with strong cash flow but ongoing profitability challenges. Technical indicators show a neutral trend with slight bullish momentum. Valuation concerns arise from a negative P/E ratio and low dividend yield, impacting the overall score.
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 performance-driven products that serve various markets, including personal care, coatings, and energy. The company is known for its innovative solutions and commitment to sustainability, catering to a global clientele.
Average Trading Volume: 1,062,504
Technical Sentiment Signal: Buy
Current Market Cap: £881.7M
For detailed information about ELM stock, go to TipRanks’ Stock Analysis page.