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Elementis ( (GB:ELM) ) has provided an update.
Elementis, a company engaged in a share buyback program, announced the purchase and cancellation of 250,000 of its ordinary shares at an average price of 169.8110 pence per share. This transaction reduces the total number of shares in issue to 587,097,814, potentially impacting shareholder voting rights and market perception.
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’ stock score is primarily influenced by its mixed financial performance, with strong cash flow generation but ongoing profitability challenges. The technical analysis shows a bullish trend, but caution is advised due to overbought indicators. Valuation remains a concern, given the negative P/E ratio. The active share buyback program signals confidence but does not directly influence the score due to the exclusion of earnings call data.
To see Spark’s full report on GB:ELM stock, click here.
More about Elementis
Average Trading Volume: 1,358,883
Technical Sentiment Signal: Buy
Current Market Cap: £994.5M
For a thorough assessment of ELM stock, go to TipRanks’ Stock Analysis page.