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Essentra ( (GB:ESNT) ) has provided an announcement.
Essentra plc announced the repurchase of 11,500 of its ordinary shares as part of its ongoing buyback program initiated in March 2023. The shares were bought at a consistent price of 98.3 GBp each and will be canceled, reducing the total number of voting rights to 285,390,744. This move is part of Essentra’s strategy to optimize its capital structure and potentially enhance shareholder value.
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, primarily focusing on producing and distributing essential components and solutions across various sectors. The company is known for its diverse range of products, including plastic and fiber components, and serves a global market with a focus on innovation and customer service.
Average Trading Volume: 727,174
Technical Sentiment Signal: Sell
Current Market Cap: £277.9M
See more data about ESNT stock on TipRanks’ Stock Analysis page.