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Elementis ( (GB:ELM) ) has provided an announcement.
Elementis, a company involved in a share buyback program, announced the purchase and cancellation of 250,000 of its ordinary shares at an average price of 165.1851 pence per share. This transaction reduces the total number of shares in issue to 583,597,814, impacting the company’s share structure and potentially influencing shareholder value and market perception.
The most recent analyst rating on (GB:ELM) stock is a Buy with a £190.00 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.
The overall stock score is driven by a mix of strong cash flow generation and positive corporate strategies such as share buybacks, which demonstrate management’s confidence in the company. However, profitability issues and a negative P/E ratio pose challenges. Technical indicators show a neutral to slightly positive trend, supporting a balanced outlook.
To see Spark’s full report on GB:ELM stock, click here.
More about Elementis
Average Trading Volume: 1,432,583
Technical Sentiment Signal: Buy
Current Market Cap: £965.2M
See more data about ELM stock on TipRanks’ Stock Analysis page.