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Elementis ( (GB:ELM) ) has shared an announcement.
Elementis, a company involved in a share buyback programme, has purchased 140,000 of its own ordinary shares at an average price of 161.2089 pence per share for cancellation. This transaction is part of a previously announced plan and results in the company’s total number of ordinary shares in issue being 570,686,515, with the same number of voting rights available to shareholders. This move is likely aimed at consolidating the company’s share capital and potentially enhancing shareholder value.
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 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: 1,033,751
Technical Sentiment Signal: Buy
Current Market Cap: £898.3M
For a thorough assessment of ELM stock, go to TipRanks’ Stock Analysis page.