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Elementis ( (GB:ELM) ) has issued an update.
Elementis, a company in the specialty chemicals industry, has executed a share buyback program, purchasing 142,000 of its ordinary shares for cancellation at an average price of 165.3231 pence per share. This transaction, conducted through Numis Securities Limited, reduces the total number of shares in issue to 578,372,240, which may impact shareholder voting rights and interest calculations under regulatory guidelines.
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: 1,170,118
Technical Sentiment Signal: Buy
Current Market Cap: £950.9M
For a thorough assessment of ELM stock, go to TipRanks’ Stock Analysis page.