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Elementis ( (GB:ELM) ) has shared an update.
Elementis, a company engaged in a share buyback program, has repurchased 136,378 of its ordinary shares at an average price of 167.9346 pence per share. This transaction, conducted through Deutsche Bank AG, London Branch, is part of a strategic move to reduce the number of shares in circulation, potentially increasing the value for existing shareholders and adjusting the company’s capital structure.
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: 1,033,526
Technical Sentiment Signal: Buy
Current Market Cap: £954.9M
See more data about ELM stock on TipRanks’ Stock Analysis page.