Elementis Executes Share Buyback, Adjusting Voting Rights

Elementis ( (GB:ELM) ) has shared an update.

Elementis, a company operating a share buyback programme, has repurchased 135,002 of its own ordinary shares at a volume-weighted average price of 141.5420 GBp per share. These shares will be held in treasury, adjusting the total voting rights to 592,274,769. This strategic move could impact shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.

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 benefits from strong technical momentum and positive corporate events, such as strategic divestments and share buybacks. However, profitability challenges and modest valuation metrics weigh on the overall score.

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

More about Elementis

Average Trading Volume: 1,101,632

Technical Sentiment Signal: Buy

Current Market Cap: £856.5M

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