Elementis Executes Share Buyback, Reducing Share Count

Elementis ( (GB:ELM) ) has shared an update.

Elementis, a company engaged in a share buyback program, has repurchased 250,000 of its own ordinary shares at an average price of 154.0983 pence per share. This transaction, executed through Numis Securities Limited, reduces the total number of shares in issue to 590,190,219, potentially impacting shareholder voting rights and market perception of the company’s stock value.

The most recent analyst rating on (GB:ELM) stock is a Buy with a £190.00 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 cash flow generation and positive corporate events like strategic buybacks and divestments, boosting shareholder value. However, profitability challenges and a negative P/E ratio weigh on the valuation, while the technical indicators suggest bullish momentum.

To see Spark’s full report on GB:ELM stock, click here.

More about Elementis

Average Trading Volume: 1,236,356

Technical Sentiment Signal: Strong Buy

Current Market Cap: £908.2M

For a thorough assessment of ELM stock, go to TipRanks’ Stock Analysis page.