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Elementis ( (GB:ELM) ) has provided an announcement.
Elementis, a company involved in the specialty chemicals industry, has executed a share buyback program, purchasing 150,000 of its own ordinary shares for cancellation at an average price of 174.8414 pence per share. This transaction, conducted through Numis Securities Limited, is part of a previously announced buyback initiative and results in a new total of 582,128,433 ordinary shares in issue, impacting the company’s share capital structure and potentially influencing shareholder value.
The most recent analyst rating on (GB:ELM) stock is a Buy with a £170.00 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 is positioned in a moderately favorable technical landscape, reinforced by strategic corporate actions like a share buyback program. However, financial performance is hindered by ongoing profitability issues, which limits the overall stock score.
To see Spark’s full report on GB:ELM stock, click here.
More about Elementis
Average Trading Volume: 1,456,344
Technical Sentiment Signal: Buy
Current Market Cap: £1.01B
Learn more about ELM stock on TipRanks’ Stock Analysis page.