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The latest announcement is out from Elementis ( (GB:ELM) ).
Elementis, a company engaged in the specialty chemicals industry, has announced the purchase and cancellation of 250,000 of its own ordinary shares as part of its ongoing share buyback programme. This transaction, executed at an average price of 170.5768 pence per share, reduces the total number of shares in issue to 585,847,814, 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 £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’ overall score is driven by strong technical indicators and strategic corporate actions such as share buybacks, indicating confidence in financial health and future prospects. However, ongoing profitability challenges and a negative P/E ratio highlight financial risks.
To see Spark’s full report on GB:ELM stock, click here.
More about Elementis
Average Trading Volume: 1,366,309
Technical Sentiment Signal: Buy
Current Market Cap: £977.6M
See more insights into ELM stock on TipRanks’ Stock Analysis page.