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An update from Essentra ( (GB:ESNT) ) is now available.
Essentra plc announced the repurchase of 11,500 of its ordinary shares as part of its ongoing buyback programme, initially announced in March 2023. The shares were bought at a consistent price of 107.4 GBp each and are intended to be cancelled, reducing the total number of voting rights in the company to 285,448,244. This move is part of Essentra’s strategy to manage its capital structure and potentially enhance shareholder value.
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 wide range of products including plastic and fiber components, packaging, and filters, catering to diverse markets globally.
Average Trading Volume: 715,960
Technical Sentiment Signal: Sell
Current Market Cap: £307.7M
See more data about ESNT stock on TipRanks’ Stock Analysis page.