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The latest update is out from Elementis ( (GB:ELM) ).
Elementis, a company involved in a share buyback program, announced the purchase and cancellation of 165,000 of its own ordinary shares at an average price of 165.6504 pence per share. This transaction reduces the total number of ordinary shares in issue to 569,388,598, impacting the company’s voting rights and potentially affecting shareholder interests.
The most recent analyst rating on (GB:ELM) stock is a Hold with a £178.00 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’s overall stock score is driven by strong technical momentum and positive corporate actions like share buybacks and strategic acquisitions. However, financial performance is mixed with strong cash flow but persistent profitability issues, and valuation metrics are weak due to negative earnings.
To see Spark’s full report on GB:ELM stock, click here.
More about Elementis
Average Trading Volume: 1,033,023
Technical Sentiment Signal: Strong Buy
Current Market Cap: £947.5M
Find detailed analytics on ELM stock on TipRanks’ Stock Analysis page.