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Elementis ( (GB:ELM) ) has shared an update.
Elementis, a company involved in a share buyback program, has repurchased 173,355 of its own ordinary shares at an average price of 166.0222 pence per share. This transaction, conducted through Numis Securities Limited, reduces the total number of shares in issue to 580,105,078, potentially impacting shareholder voting rights and market positioning.
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: 1,321,641
Technical Sentiment Signal: Buy
Current Market Cap: £974.4M
See more data about ELM stock on TipRanks’ Stock Analysis page.