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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 ordinary shares at an average price of 164.1830 pence per share. This transaction, executed through Numis Securities Limited, reduces the total number of shares in issue to 574,453,375, impacting the company’s capital structure and potentially affecting shareholder voting rights.
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, with strong cash flow but ongoing profitability challenges. Technical indicators suggest potential short-term weakness, and valuation is impacted by negative earnings.
To see Spark’s full report on GB:ELM stock, click here.
More about Elementis
Average Trading Volume: 925,341
Technical Sentiment Signal: Strong Buy
Current Market Cap: £928.1M
For detailed information about ELM stock, go to TipRanks’ Stock Analysis page.