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An update from Elementis ( (GB:ELM) ) is now available.
Elementis, a company involved in a share buyback program, announced the repurchase of 150,000 of its ordinary shares at an average price of 163.6612 pence per share. This transaction, part of a previously announced buyback program, reduces the total number of shares in circulation and can potentially increase shareholder value by consolidating ownership.
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: 1,205,149
Technical Sentiment Signal: Strong Buy
Current Market Cap: £942.1M
For detailed information about ELM stock, go to TipRanks’ Stock Analysis page.