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Elementis ( (GB:ELM) ) has provided an update.
Elementis, a company operating a share buyback program, has repurchased 250,000 of its own ordinary shares at an average price of 169.6495 pence per share. This transaction, conducted through Numis Securities Limited, is part of a broader effort to manage the company’s capital structure and enhance shareholder value. Following this purchase, the total number of ordinary shares in issue is 586,097,814, which may impact voting rights calculations for shareholders.
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 score is driven by strong technical indicators and strategic corporate actions such as share buybacks, indicating confidence in financial health and future prospects. However, ongoing profitability challenges and a negative P/E ratio highlight financial risks.
To see Spark’s full report on GB:ELM stock, click here.
More about Elementis
Average Trading Volume: 1,349,868
Technical Sentiment Signal: Buy
Current Market Cap: £978M
See more insights into ELM stock on TipRanks’ Stock Analysis page.