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Elementis ( (GB:ELM) ) has provided an announcement.
Elementis, a company involved in a share buyback program, has repurchased 140,000 of its ordinary shares at an average price of 164.3334 pence per share. This transaction, executed through Numis Securities Limited, is part of a strategic move to reduce the number of shares in circulation, potentially increasing the value for remaining shareholders. Following this purchase, the total number of voting rights in the company is now 573,193,375, which stakeholders can use to assess their shareholdings.
The most recent analyst rating on (GB:ELM) stock is a Hold with a £169.00 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’s overall stock score is driven by mixed financial performance and technical indicators. Strong cash flow generation is a positive, but profitability challenges and a negative P/E ratio weigh heavily on the valuation. Technical analysis shows a lack of strong momentum, contributing to a moderate overall score.
To see Spark’s full report on GB:ELM stock, click here.
More about Elementis
Average Trading Volume: 930,399
Technical Sentiment Signal: Buy
Current Market Cap: £935.5M
Learn more about ELM stock on TipRanks’ Stock Analysis page.