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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 166.4362 pence per share. This transaction, conducted through Deutsche Bank AG, London Branch, results in a total of 569,883,598 ordinary shares in issue, with the same number of voting rights available to shareholders. The buyback is part of a strategic move to manage the company’s capital structure and potentially enhance shareholder value.
The most recent analyst rating on (GB:ELM) stock is a Hold with a £178.00 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’s overall stock score is driven by strong technical momentum and positive corporate actions like share buybacks and strategic acquisitions. However, financial performance is mixed with strong cash flow but persistent profitability issues, and valuation metrics are weak due to negative earnings.
To see Spark’s full report on GB:ELM stock, click here.
More about Elementis
Average Trading Volume: 1,057,703
Technical Sentiment Signal: Strong Buy
Current Market Cap: £949.4M
Learn more about ELM stock on TipRanks’ Stock Analysis page.