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An announcement from Elementis ( (GB:ELM) ) is now available.
Elementis, a company engaged in a share buyback program, has repurchased 140,000 of its own ordinary shares at an average price of 160.8348 pence per share. This transaction, part of the company’s ongoing effort to manage its capital structure, reduces the total number of shares in issue to 576,973,375, potentially impacting shareholder voting rights and market perception.
The most recent analyst rating on (GB:ELM) stock is a Hold with a £164.00 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 moderate overall stock score. The most significant factor is the mixed financial performance, with strong cash flow but ongoing profitability challenges. Technical analysis suggests weak momentum, and valuation metrics are concerning due to negative earnings. The absence of earnings call and corporate events data limits further insights.
To see Spark’s full report on GB:ELM stock, click here.
More about Elementis
Average Trading Volume: 1,097,204
Technical Sentiment Signal: Strong Buy
Current Market Cap: £932.4M
See more insights into ELM stock on TipRanks’ Stock Analysis page.