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Elementis ( (GB:ELM) ) has shared an announcement.
Elementis plc has executed a share buyback, purchasing 140,000 of its own ordinary shares at an average price of 170.5918 pence per share. This transaction is part of the company’s ongoing share buyback program, which aims to enhance shareholder value by reducing the number of shares in circulation. The buyback reflects Elementis’s strategic financial management and commitment to optimizing capital structure, potentially impacting its market positioning and shareholder interests.
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 receives a moderate score of 60, primarily driven by strong cash flow generation and stable technical indicators. However, the negative P/E ratio and ongoing profitability issues weigh heavily on the overall score. The absence of earnings call insights and corporate events limits additional context.
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 innovative solutions across various markets, including personal care, coatings, and energy.
Average Trading Volume: 957,130
Technical Sentiment Signal: Buy
Current Market Cap: £985.7M
Learn more about ELM stock on TipRanks’ Stock Analysis page.