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An announcement from Elementis ( (GB:ELM) ) is now available.
Elementis, a company involved in a share buyback program, announced the purchase and cancellation of 150,000 of its own ordinary shares at an average price of 161.7230 pence per share. This transaction reduces the total number of shares in issue to 579,108,240, impacting the company’s share capital structure 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’ 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: 1,218,446
Technical Sentiment Signal: Buy
Current Market Cap: £942.9M
Learn more about ELM stock on TipRanks’ Stock Analysis page.