Elica S.p.A. Expands Share Buyback Program

Elica S.p.A. ( (IT:ELC) ) has shared an announcement.

Elica S.p.A. has announced the purchase of 198,840 of its own shares as part of a buyback program authorized in April 2025, with a total investment of 262,756 euros. This strategic move increases Elica’s holdings to 6.60% of its share capital, potentially enhancing shareholder value and solidifying its market position.

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, with a strong global presence in kitchen ventilation systems. It is a European leader in electric motors for household appliances and heating boilers, employing around 2600 people across its headquarters in Fabriano and seven plants in Italy, Poland, Mexico, and China.

Average Trading Volume: 53,287

Technical Sentiment Signal: Sell

Current Market Cap: €86.44M

For a thorough assessment of ELC stock, go to TipRanks’ Stock Analysis page.