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Elementis ( (GB:ELM) ) has issued an update.
Elementis has acquired Alchemy Ingredients Limited, a UK-based company specializing in natural rheology modifiers for the personal care industry, for approximately $22 million. This acquisition aligns with Elementis’s strategy to strengthen its specialty additives capabilities and expand its presence in the natural skincare market. By integrating Alchemy’s innovative technologies, Elementis aims to enhance its product offerings and leverage its global sales network to drive growth and value.
The most recent analyst rating on (GB:ELM) stock is a Hold with a £169.00 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
Elementis is a global specialty chemicals company listed on the London Stock Exchange, employing around 1,000 people across 20 global locations. Known for its innovation in rheology and formulation solutions, Elementis develops products to enhance performance and sustainability across various industries. The company operates two main businesses: Personal Care, which produces rheology modifiers for skincare and cosmetics, and Coatings, which develops additives for paints and coatings.
Average Trading Volume: 1,066,656
Technical Sentiment Signal: Buy
Current Market Cap: £888.5M
For detailed information about ELM stock, go to TipRanks’ Stock Analysis page.