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An announcement from Elementis ( (GB:ELM) ) is now available.
Elementis plc, a company involved in the specialty chemicals industry, announced the repurchase of 200,000 of its own ordinary shares as part of its share buyback program. The shares were bought at an average price of 172.3130 pence per share, and following this transaction, the total number of voting rights in the company is now 582,897,814. This move is part of Elementis’s strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (GB:ELM) stock is a Buy with a £170.00 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 Outperform.
Elementis benefits from strong technical indicators and positive corporate events, which outweigh the challenges in profitability and mixed valuation metrics. The company’s strategic focus on shareholder value and operational efficiency enhances its overall appeal.
To see Spark’s full report on GB:ELM stock, click here.
More about Elementis
Average Trading Volume: 1,487,623
Technical Sentiment Signal: Buy
Current Market Cap: £1.01B
For a thorough assessment of ELM stock, go to TipRanks’ Stock Analysis page.