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Elementis ( (GB:ELM) ) has shared 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 167.1730 pence per share. This move is part of the company’s strategy to optimize its capital structure and potentially enhance shareholder value by reducing the number of shares in circulation, which may impact voting rights and share value.
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.
Elementis’ overall score is driven by strong technical indicators and strategic corporate actions such as share buybacks, indicating confidence in financial health and future prospects. However, ongoing profitability challenges and a negative P/E ratio highlight financial risks.
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 chemical products and services. The company focuses on delivering high-performance solutions across various markets, including personal care, coatings, and energy.
Average Trading Volume: 1,373,836
Technical Sentiment Signal: Buy
Current Market Cap: £997.1M
For a thorough assessment of ELM stock, go to TipRanks’ Stock Analysis page.