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An update from Elementis ( (GB:ELM) ) is now available.
Elementis, a company engaged in a share buyback program, has repurchased 149,381 of its own ordinary shares at an average price of 174.3821 pence per share. This transaction reduces the total number of ordinary shares in issue to 582,748,433, which may impact shareholders’ voting rights and interest calculations under the FCA’s rules.
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: 1,491,717
Technical Sentiment Signal: Buy
Current Market Cap: £996.3M
For an in-depth examination of ELM stock, go to TipRanks’ Overview page.