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Elementis Executes Share Buyback, Adjusts Voting Rights

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Elementis Executes Share Buyback, Adjusts Voting Rights

Confident Investing Starts Here:

An announcement from Elementis ( (GB:ELM) ) is now available.

Elementis plc, a company engaged in a share buyback program, has repurchased 170,570 of its own ordinary shares at an average price of 148.5361 GBp per share. The repurchased shares will be held in treasury, and the total voting rights in the company are now 591,541,489, which shareholders can use for interest calculations under FCA’s 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’s overall stock score reflects mixed financial performance, with strong cash flow but negative profitability impacting valuation. Bullish technical indicators and strategic corporate events enhance the score, suggesting potential for future improvement.

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

More about Elementis

Average Trading Volume: 1,117,165

Technical Sentiment Signal: Strong Buy

Current Market Cap: £862.2M

See more insights into ELM stock on TipRanks’ Stock Analysis page.

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