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The latest update is out from Elementis ( (GB:ELM) ).
Elementis, a company engaged in a share buyback program, has repurchased 140,000 of its ordinary shares at an average price of 163.7781 pence per share. This transaction, executed through Numis Securities Limited, reduces the total number of shares in circulation to 575,853,375, potentially impacting shareholder voting rights and market perception.
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: 1,019,073
Technical Sentiment Signal: Buy
Current Market Cap: £955.7M
Learn more about ELM stock on TipRanks’ Stock Analysis page.