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An update from Elementis ( (GB:ELM) ) is now available.
Elementis, a company engaged in a share buyback program, has repurchased 90,000 of its own ordinary shares at an average price of 162.4251 pence per share. This transaction, conducted through Deutsche Bank AG, London Branch, reduces the total number of shares in issue to 570,596,515, impacting the voting rights and potentially influencing shareholder calculations under regulatory guidelines.
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 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
Average Trading Volume: 1,033,462
Technical Sentiment Signal: Buy
Current Market Cap: £898.3M
For an in-depth examination of ELM stock, go to TipRanks’ Overview page.