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Essentra ( (GB:ESNT) ) has shared an update.
Essentra plc has executed a share buyback, purchasing 11,500 ordinary shares at a price of 94.4 GBp each as part of its ongoing buyback programme. This move, aimed at reducing the number of shares in circulation, will result in a total of 285,367,744 voting rights for shareholders, potentially impacting shareholder interest calculations under regulatory rules.
The most recent analyst rating on (GB:ESNT) stock is a Hold with a £103.00 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 is driven by mixed financial performance, with strong gross margins but declining revenue and profitability. Technical indicators suggest a bearish trend, and the stock appears overvalued based on its P/E ratio. The lack 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 the production and distribution of essential components and solutions for various sectors. The company is known for its diverse range of products, including packaging, filtration, and specialist components, catering to a global market.
Average Trading Volume: 744,158
Technical Sentiment Signal: Strong Sell
Current Market Cap: £267.3M
For an in-depth examination of ESNT stock, go to TipRanks’ Overview page.