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Essentra ( (GB:ESNT) ) has shared an update.
Essentra plc has executed a buyback of 11,500 ordinary shares at a price of 108 pence each, as part of its ongoing buyback program initiated in March 2023. The company plans to cancel these shares, reducing the total number of voting rights to 285,402,244, which will impact shareholder calculations under the Financial Conduct Authority’s rules.
The most recent analyst rating on (GB:ESNT) stock is a Hold with a £120.00 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 a mixed financial performance with strong gross margins but declining revenue and profitability. Technical analysis indicates positive momentum, which is a significant strength. However, the high P/E ratio suggests overvaluation, which is a concern. The absence of earnings call data and corporate events limits additional insights.
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 for various sectors, including healthcare, electronics, and automotive. The company is known for its expertise in plastic and fiber products, serving a global market with a commitment to innovation and quality.
Average Trading Volume: 701,816
Technical Sentiment Signal: Sell
Current Market Cap: £303.6M
Find detailed analytics on ESNT stock on TipRanks’ Stock Analysis page.