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Essentra ( (GB:ESNT) ) has provided an announcement.
Essentra plc has executed a share buyback, purchasing 11,500 of its ordinary shares at a price of 112 pence each as part of its ongoing Buyback Programme. This move is intended to reduce the number of shares in circulation, thereby potentially increasing the value of remaining shares. Following the cancellation of these shares, the total number of voting rights in the company will be adjusted, impacting shareholder calculations under regulatory disclosure 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. The company is known for its wide range of products, including plastic and fiber components, and has a significant market presence in providing customized solutions to meet specific industry needs.
Average Trading Volume: 712,430
Technical Sentiment Signal: Sell
Current Market Cap: £320.8M
Learn more about ESNT stock on TipRanks’ Stock Analysis page.