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Essentra ( (GB:ESNT) ) has issued an update.
Essentra plc, a company engaged in the buyback of its own shares, announced the purchase of 11,500 ordinary shares at a price of 109.20 GBp each as part of its ongoing buyback programme. The company plans to cancel these shares, which will adjust the total number of voting rights to 285,459,744. This move is significant for shareholders as it impacts the calculation of their interests under the Financial Conduct Authority’s rules.
The most recent analyst rating on (GB:ESNT) stock is a Hold with a £106.00 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 and technical indicators. The company’s strong gross margins are offset by declining revenue and modest profitability. Technical analysis suggests limited momentum, and the high P/E ratio indicates potential overvaluation. The absence of earnings call data and corporate events leaves these areas unaddressed.
To see Spark’s full report on GB:ESNT stock, click here.
More about Essentra
Average Trading Volume: 722,760
Technical Sentiment Signal: Sell
Current Market Cap: £310M
Learn more about ESNT stock on TipRanks’ Stock Analysis page.