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An update from Elementis ( (GB:ELM) ) is now available.
Elementis, a company involved in a share buyback program, has repurchased 140,000 of its own ordinary shares at an average price of 162.0562 pence per share. This transaction is part of its ongoing strategy to manage its capital structure, which will result in a total of 574,593,375 ordinary shares in issue after the cancellation of the repurchased shares. The buyback is expected to impact the company’s share capital and voting rights, potentially influencing shareholder value and market perception.
The most recent analyst rating on (GB:ELM) stock is a Hold with a £171.00 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 has a moderate overall stock score of 59. The strong cash flow generation and stable balance sheet are positive factors, but the negative profitability and valuation concerns due to a negative P/E ratio weigh heavily on the score. Technical indicators show neutral momentum, providing neither strong bullish nor bearish signals.
To see Spark’s full report on GB:ELM stock, click here.
More about Elementis
Average Trading Volume: 926,900
Technical Sentiment Signal: Buy
Current Market Cap: £943.3M
For detailed information about ELM stock, go to TipRanks’ Stock Analysis page.