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Essentra ( (GB:ESNT) ) has provided an update.
Essentra plc announced the purchase of 11,500 ordinary shares at a price of 105 pence each as part of its ongoing share buyback program. This transaction, executed through Peel Hunt LLP, is part of a strategy to optimize the company’s capital structure. Following the cancellation of these shares, Essentra’s total voting rights will be adjusted, impacting shareholder calculations 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 producing essential components and solutions for various sectors. The company is known for its range of products including plastic, fiber, foam, and packaging components, serving a diverse market with a focus on innovation and quality.
Average Trading Volume: 926,533
Technical Sentiment Signal: Sell
Current Market Cap: £295.8M
Learn more about ESNT stock on TipRanks’ Stock Analysis page.