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Elementis ( (GB:ELM) ) just unveiled an update.
Elementis, a company involved in a share buyback program, has repurchased 140,000 of its own ordinary shares for cancellation at an average price of 161.9984 pence per share. This transaction, conducted through Deutsche Bank AG, London Branch, reduces the total number of ordinary shares in issue to 570,316,515, impacting the company’s voting rights and potentially influencing shareholder interest calculations under FCA rules.
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: 1,034,007
Technical Sentiment Signal: Strong Buy
Current Market Cap: £926M
Learn more about ELM stock on TipRanks’ Stock Analysis page.