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Elementis Executes Share Buyback, Adjusts Voting Rights

Story Highlights
  • Elementis repurchased 190,192 shares at prices between 150.80 GBp and 153.00 GBp.
  • The buyback leaves Elementis with 1,058,474 treasury shares and alters total voting rights.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Elementis Executes Share Buyback, Adjusts Voting Rights

Confident Investing Starts Here:

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

Elementis, a company engaged in a share buyback program, has repurchased 190,192 of its own ordinary shares at prices ranging from 150.80 GBp to 153.00 GBp. The repurchased shares will be held in treasury, leaving the company with 1,058,474 treasury shares and 591,351,297 shares in issue, impacting the total voting rights and potentially affecting shareholder interests.

The most recent analyst rating on (GB:ELM) stock is a Buy with a £1.75 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: 1,127,292

Technical Sentiment Signal: Strong Buy

Current Market Cap: £868.9M

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

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