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Elementis ( (GB:ELM) ) just unveiled an update.
Elementis, a company engaged in a share buyback program, has repurchased 250,000 of its own ordinary shares at prices ranging from 142.40 GBp to 144.20 GBp, with a volume-weighted average price of 143.5175 GBp. These shares will be held in treasury, adjusting the total voting rights to 592,024,769, which shareholders can use to calculate their interest changes under FCA 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: 1,100,068
Technical Sentiment Signal: Strong Buy
Current Market Cap: £843.7M
See more data about ELM stock on TipRanks’ Stock Analysis page.
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