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The latest update is out from Elementis ( (GB:ELM) ).
Elementis plc, a company operating a share buyback programme, announced the purchase and cancellation of 140,000 of its own ordinary shares at an average price of 165.3716 pence per share. This transaction reduces the total number of ordinary shares in issue to 575,573,375, maintaining the same number of voting rights, which may impact shareholder calculations under FCA rules.
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 faces profitability challenges with recurrent net losses, impacting its valuation negatively. Despite strong cash flow generation and a stable balance sheet, the technical indicators suggest potential short-term weakness. The lack of earnings call data and corporate events limits additional insights.
To see Spark’s full report on GB:ELM stock, click here.
More about Elementis
Average Trading Volume: 1,005,191
Technical Sentiment Signal: Buy
Current Market Cap: £930.2M
For a thorough assessment of ELM stock, go to TipRanks’ Stock Analysis page.