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An announcement from Elementis ( (GB:ELM) ) is now available.
Elementis, a company engaged in a share buyback program, has repurchased 140,000 of its ordinary shares at an average price of 162.5024 pence per share, as part of its initiative announced earlier this year. This transaction, executed through Numis Securities Limited, reduces the total number of shares in issue to 575,013,375, which may impact shareholder voting rights and interest calculations under regulatory guidelines.
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: 951,064
Technical Sentiment Signal: Buy
Current Market Cap: £928.1M
For an in-depth examination of ELM stock, go to TipRanks’ Overview page.