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Elementis ( (GB:ELM) ) has issued an update.
Elementis, a company involved in a share buyback program, has announced the repurchase of 250,000 of its own ordinary shares at an average price of 169.0805 pence per share. This transaction is part of their ongoing strategy to manage their capital structure and enhance shareholder value. The completion of this buyback reduces the total number of shares in issue to 581,878,433, which could potentially impact the company’s market positioning and shareholder voting rights.
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 is positioned in a moderately favorable technical landscape, reinforced by strategic corporate actions like a share buyback program. However, financial performance is hindered by ongoing profitability issues, which limits the overall stock score.
To see Spark’s full report on GB:ELM stock, click here.
More about Elementis
Average Trading Volume: 1,466,860
Technical Sentiment Signal: Buy
Current Market Cap: £1.02B
For detailed information about ELM stock, go to TipRanks’ Stock Analysis page.