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Essentra ( (GB:ESNT) ) has shared an announcement.
Essentra plc announced the purchase of 11,500 of its ordinary shares as part of its ongoing buyback program. The shares were bought at a consistent price of 112 pence each and will be canceled, reducing the total number of shares in circulation. This move is expected to impact the company’s share structure and potentially influence shareholder voting rights, aligning with regulatory requirements.
The most recent analyst rating on (GB:ESNT) stock is a Buy with a £245.00 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 primarily influenced by its stable financial performance and technical momentum. The company’s strategic share buyback and positive analyst sentiment also add to its attractiveness, despite high valuation concerns. The lack of earnings call data limits a complete assessment, but the positive corporate actions and technical indicators provide a supportive backdrop for the stock.
To see Spark’s full report on GB:ESNT stock, click here.
More about Essentra
Essentra plc operates in the manufacturing industry, specializing in the production of essential components, packaging, and filters. The company focuses on providing a wide range of products and services to various markets, including healthcare, automotive, and consumer goods.
Average Trading Volume: 951,210
Technical Sentiment Signal: Sell
Current Market Cap: £328.7M
Learn more about ESNT stock on TipRanks’ Stock Analysis page.