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An update from Elementis ( (GB:ELM) ) is now available.
Elementis plc has executed a share buyback program, purchasing 150,000 of its own ordinary shares at an average price of 165.7916 pence per share. This transaction is part of a broader strategy to optimize capital structure and potentially enhance shareholder value, reflecting the company’s commitment to returning capital to shareholders and maintaining a strong balance sheet.
The most recent analyst rating on (GB:ELM) stock is a Buy with a £170.00 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’ overall stock score is driven by strong corporate actions such as share buybacks, indicating confidence in its financial health. However, profitability challenges and a negative P/E ratio weigh down the score. Technical indicators suggest stability, but valuation concerns persist.
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 supply of chemical products for various sectors, including personal care, coatings, and energy. The company is known for its innovative solutions and has a significant market presence in the specialty chemicals sector.
Average Trading Volume: 1,370,981
Technical Sentiment Signal: Buy
Current Market Cap: £956M
For a thorough assessment of ELM stock, go to TipRanks’ Stock Analysis page.