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Elementis ( (GB:ELM) ) just unveiled an announcement.
Elementis, a company involved in a share buyback program, announced the purchase and cancellation of 145,000 of its own ordinary shares at an average price of 165.1382 pence per share. This transaction is part of their ongoing efforts to manage share capital and enhance shareholder value. Following this buyback, the total number of voting rights in the company stands at 578,514,240, which stakeholders can use for regulatory reporting purposes.
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: 1,175,593
Technical Sentiment Signal: Buy
Current Market Cap: £945.3M
See more data about ELM stock on TipRanks’ Stock Analysis page.