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Essentra ( (GB:ESNT) ) has provided an announcement.
Essentra plc has executed a share buyback transaction, purchasing 11,500 of its ordinary shares at a price of 98.90 GBp each as part of its ongoing Buyback Programme. This move is intended to cancel the purchased shares, reducing the total number of shares in circulation to 285,597,744, which will affect the voting rights and shareholding calculations for stakeholders under the Financial Conduct Authority’s 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 and distributing essential components and solutions for various sectors. The company is known for its expertise in providing innovative products and services that cater to diverse market needs.
Average Trading Volume: 920,890
Technical Sentiment Signal: Sell
Current Market Cap: £288.4M
For a thorough assessment of ESNT stock, go to TipRanks’ Stock Analysis page.