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An update from Elementis ( (GB:ELM) ) is now available.
Elementis, a company involved in a share buyback program, has repurchased 140,000 of its own ordinary shares for cancellation at an average price of 163.7712 pence per share. This transaction reduces the total number of shares in issue to 575,153,375, potentially impacting shareholder voting rights and reflecting the company’s strategic financial management.
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 has a mixed financial performance with strong cash flow but ongoing profitability issues. Technical indicators suggest neutral to slightly negative momentum, and valuation metrics highlight challenges due to negative earnings. The absence of earnings call insights and corporate events limits further analysis.
To see Spark’s full report on GB:ELM stock, click here.
More about Elementis
Average Trading Volume: 976,157
Technical Sentiment Signal: Buy
Current Market Cap: £928.1M
For an in-depth examination of ELM stock, go to TipRanks’ Overview page.