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The latest update is out from Essentra ( (GB:ESNT) ).
Essentra plc has executed a share buyback transaction, purchasing 11,500 of its ordinary shares at a price of 109.20 GBp each, as part of its ongoing buyback programme initiated in March 2023. The company plans to cancel these shares, which will adjust the total number of voting rights and potentially impact shareholder notifications under regulatory 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
Essentra plc operates in the manufacturing industry, focusing on the production and supply of essential components and solutions. The company is known for its diverse range of products, including packaging, filters, and components, catering to various sectors such as healthcare, automotive, and industrial markets.
Average Trading Volume: 722,760
Technical Sentiment Signal: Sell
Current Market Cap: £310M
Find detailed analytics on ESNT stock on TipRanks’ Stock Analysis page.