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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 165.3841 pence per share. This transaction, conducted through Numis Securities Limited, results in a new total of 575,993,375 ordinary shares in issue, impacting the company’s voting rights and potentially influencing shareholder interest calculations.
The most recent analyst rating on (GB:ELM) stock is a Hold with a £166.00 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’ overall stock score is primarily influenced by its mixed financial performance and technical analysis. Strong cash flow generation is a positive, but profitability challenges and negative market momentum weigh on the score. Valuation concerns due to a negative P/E ratio further impact the overall assessment.
To see Spark’s full report on GB:ELM stock, click here.
More about Elementis
Average Trading Volume: 1,037,254
Technical Sentiment Signal: Strong Buy
Current Market Cap: £942.1M
Learn more about ELM stock on TipRanks’ Stock Analysis page.