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Elementis ( (GB:ELM) ) just unveiled an announcement.
Elementis, a company engaged in a share buyback programme, announced the purchase and cancellation of 250,000 of its ordinary shares at an average price of 154.0923 pence per share. This transaction reduces the total number of shares in issue to 589,940,219, which may impact shareholder voting rights and interest notifications under FCA rules.
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: 1,238,610
Technical Sentiment Signal: Strong Buy
Current Market Cap: £900.7M
Learn more about ELM stock on TipRanks’ Stock Analysis page.