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The latest update is out from Elementis ( (GB:ELM) ).
Elementis, a company engaged in a share buyback program, has repurchased 140,000 of its ordinary shares at an average price of 161.9187 pence per share. This transaction, executed through Numis Securities Limited, is part of the company’s ongoing efforts to manage its capital structure. Following this buyback, the total number of voting rights in the company will be 572,216,288, which stakeholders can use for regulatory calculations under the FCA’s rules.
The most recent analyst rating on (GB:ELM) stock is a Hold with a £169.00 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: 994,441
Technical Sentiment Signal: Strong Buy
Current Market Cap: £914.4M
See more data about ELM stock on TipRanks’ Stock Analysis page.