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Elementis ( (GB:ELM) ) has shared an announcement.
Elementis, a company involved in a share buyback program, has repurchased 140,000 of its own ordinary shares at an average price of 162.1796 pence per share. This transaction is part of a previously announced buyback initiative aimed at reducing the number of shares in circulation, potentially enhancing shareholder value and optimizing the company’s capital structure. The total number of voting rights in the company now stands at 572,983,403, which may influence shareholder decisions and interest notifications under regulatory guidelines.
The most recent analyst rating on (GB:ELM) stock is a Hold with a £169.00 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 mixed financial performance with strong cash flow but ongoing profitability challenges. Technical indicators show a neutral trend with slight bullish momentum. Valuation concerns arise from a negative P/E ratio and low dividend yield, impacting the overall score.
To see Spark’s full report on GB:ELM stock, click here.
More about Elementis
Average Trading Volume: 912,000
Technical Sentiment Signal: Buy
Current Market Cap: £942.9M
For a thorough assessment of ELM stock, go to TipRanks’ Stock Analysis page.