Elementis Launches £40 Million Share Buyback Program

Elementis ( (GB:ELM) ) just unveiled an update.

Elementis plc has announced the commencement of a share buyback program aimed at purchasing up to £40 million worth of its ordinary shares by April 2026. This initiative is intended to reduce the company’s share capital, with most repurchased shares being canceled and a portion retained for employee share schemes. The program, managed by Numis Securities Limited, will adhere to regulatory conditions and is expected to impact the company’s financial structure positively by optimizing capital allocation and potentially enhancing shareholder value.

The most recent analyst rating on (GB:ELM) stock is a Buy with a £190.00 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 scores 62, driven primarily by robust cash flow and strategic corporate actions like the Talc business sale and share buyback. However, ongoing profitability challenges and a negative P/E ratio negatively impact the valuation score. Technical analysis reveals moderate bullish momentum, suggesting potential for recovery if profitability improves.

To see Spark’s full report on GB:ELM stock, click here.

More about Elementis

Elementis plc operates in the specialty chemicals industry, focusing on the production and supply of chemical products and services. The company is known for its diverse range of products that cater to various market segments, including personal care, coatings, and energy.

Average Trading Volume: 1,001,196

Technical Sentiment Signal: Sell

Current Market Cap: £769M

See more data about ELM stock on TipRanks’ Stock Analysis page.