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Essentra ( (GB:ESNT) ) has issued an announcement.
Essentra plc has executed a share buyback, purchasing 11,500 of its ordinary shares at a price of 106.20 GBp each, as part of its ongoing buyback program. This move is aimed at reducing the number of shares in circulation, thereby potentially increasing the value of remaining shares and enhancing shareholder value. Following the cancellation of these shares, Essentra will have 285,574,744 shares in issue, impacting the voting rights and shareholding calculations for stakeholders.
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 distribution of essential components and solutions. The company is known for its diverse range of products, including plastic and fiber components, and serves a variety of markets globally.
Average Trading Volume: 930,572
Technical Sentiment Signal: Sell
Current Market Cap: £301.5M
For detailed information about ESNT stock, go to TipRanks’ Stock Analysis page.