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Elementis ( (GB:ELM) ) just unveiled an update.
Elementis, a company involved in the chemical industry, announced the repurchase of 150,000 of its own ordinary shares as part of its share buyback program. The shares were purchased at an average price of 165.4751 pence per share, and following this transaction, the total number of voting rights in the company will be 579,758,240. This move is likely to impact the company’s stock liquidity and 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: 1,250,586
Technical Sentiment Signal: Buy
Current Market Cap: £957.9M
Find detailed analytics on ELM stock on TipRanks’ Stock Analysis page.