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Elementis ( (GB:ELM) ) has shared an update.
Elementis, a company engaged in a share buyback program, has repurchased 140,000 of its own ordinary shares at an average price of 162.0414 pence per share. This transaction is part of the company’s ongoing strategy to manage its share capital and enhance shareholder value. The repurchase will reduce the total number of shares in issue to 577,672,240, potentially impacting the company’s market positioning and shareholder voting rights.
The most recent analyst rating on (GB:ELM) stock is a Hold with a £167.00 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 challenges with profitability and valuation, as reflected by its negative P/E ratio and recurrent net losses. While the balance sheet is stable and cash flow generation is strong, the lack of positive earnings and weak technical indicators weigh heavily on the stock’s overall score. Improving operational efficiency and profitability is crucial for future performance.
To see Spark’s full report on GB:ELM stock, click here.
More about Elementis
Average Trading Volume: 1,172,885
Technical Sentiment Signal: Strong Buy
Current Market Cap: £942.8M
Find detailed analytics on ELM stock on TipRanks’ Stock Analysis page.