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Elementis ( (GB:ELM) ) has shared an announcement.
Elementis, a company involved in a share buyback program, has repurchased 150,000 of its own ordinary shares for cancellation at an average price of 167.7428 pence per share. This transaction reduces the total number of shares in issue to 580,278,433, potentially impacting shareholder voting rights and market perception of the company’s financial health.
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’ overall stock score is driven by strong corporate actions such as share buybacks, indicating confidence in its financial health. However, profitability challenges and a negative P/E ratio weigh down the score. Technical indicators suggest stability, but valuation concerns persist.
To see Spark’s full report on GB:ELM stock, click here.
More about Elementis
Average Trading Volume: 1,338,862
Technical Sentiment Signal: Buy
Current Market Cap: £971.7M
For an in-depth examination of ELM stock, go to TipRanks’ Overview page.