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Essentra ( (GB:ESNT) ) has shared an update.
Essentra plc announced the purchase of 11,500 of its ordinary shares as part of its ongoing buyback program, with each share purchased at a price of 98.2 GBp. This transaction, executed through Peel Hunt LLP, is part of Essentra’s strategy to manage its share capital effectively, and the purchased shares will be canceled, adjusting the total number of voting rights in the company to 286,119,244. This move is aligned with regulatory requirements and reflects Essentra’s commitment to enhancing shareholder value.
The most recent analyst rating on (GB:ESNT) stock is a Buy with a £260.00 price target. To see the full list of analyst forecasts on Essentra stock, see the GB:ESNT Stock Forecast page.
Spark’s Take on GB:ESNT Stock
According to Spark, TipRanks’ AI Analyst, GB:ESNT is a Neutral.
Essentra’s overall stock score reflects mixed financial performance with strong gross margins but declining revenue and limited profitability. Technical indicators are bearish, suggesting caution. The valuation is moderate, providing some support. Corporate actions like share buybacks enhance shareholder value and provide a positive offset to some of the financial and technical weaknesses.
To see Spark’s full report on GB:ESNT stock, click here.
More about Essentra
Essentra plc operates in the manufacturing industry, focusing on producing essential components and solutions. The company specializes in providing a wide range of products, including plastic and fiber components, serving various sectors such as automotive, electronics, and healthcare.
Average Trading Volume: 1,776,859
Technical Sentiment Signal: Sell
Current Market Cap: £283.5M
See more insights into ESNT stock on TipRanks’ Stock Analysis page.