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Elementis ( (GB:ELM) ) has shared an update.
Elementis plc, a company engaged in a share buyback programme, has repurchased 140,000 of its own ordinary shares at an average price of 160.9890 pence per share for cancellation. This transaction, executed through Deutsche Bank AG, London Branch, is part of the company’s strategy to manage its capital structure, potentially enhancing shareholder value by reducing the number of shares in circulation.
The most recent analyst rating on (GB:ELM) stock is a Buy with a £200.00 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
Average Trading Volume: 1,036,440
Technical Sentiment Signal: Strong Buy
Current Market Cap: £922.6M
Learn more about ELM stock on TipRanks’ Stock Analysis page.