tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Elica S.p.A. Advances Share Buyback Program

Story Highlights
Elica S.p.A. Advances Share Buyback Program

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

An announcement from Elica S.p.A. ( (IT:ELC) ) is now available.

Elica S.p.A. announced the purchase of 24,779 own shares as part of its buyback program, authorized by the Shareholders’ Meeting in April 2025. This move, executed on the Euronext Milan market, reflects the company’s strategic efforts to manage its share capital, now holding 6.82% of its own shares, which may impact its market positioning and shareholder value.

The most recent analyst rating on (IT:ELC) stock is a Buy with a EUR1.80 price target. To see the full list of analyst forecasts on Elica S.p.A. stock, see the IT:ELC Stock Forecast page.

More about Elica S.p.A.

Elica S.p.A. is an Italian company renowned for its design and production of cooking appliances, particularly kitchen ventilation systems, with over 50 years of history. It is a leader in electric motors for household appliances and heating boilers, employing approximately 2,600 people across its headquarters in Fabriano and seven plants in Italy, Poland, Mexico, and China.

Average Trading Volume: 53,998

Technical Sentiment Signal: Sell

Current Market Cap: €89.6M

For an in-depth examination of ELC stock, go to TipRanks’ Overview page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1