Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Elementis ( (GB:ELM) ) has shared an update.
Elementis has executed a share buyback program, purchasing 200,000 of its own ordinary shares at an average price of 167.5705 pence per share. This move, conducted through Numis Securities Limited, is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value. Following the cancellation of these shares, the total number of voting rights in the company will be adjusted, which could impact shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.
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 is a specialty chemicals company that focuses on producing high-quality products for various industries. The company is known for its expertise in the development of additives and coatings, serving markets such as personal care, coatings, and energy.
Average Trading Volume: 1,378,038
Technical Sentiment Signal: Buy
Current Market Cap: £971.9M
See more insights into ELM stock on TipRanks’ Stock Analysis page.