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Essentra ( (GB:ESNT) ) just unveiled an update.
Essentra plc announced the purchase of 11,500 ordinary shares as part of its ongoing buyback program, with the intention to cancel these shares. This move will adjust the company’s total number of voting rights to 285,854,744, impacting shareholder calculations under the Financial Conduct Authority’s rules.
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 Outperform.
Essentra’s overall stock score is primarily driven by positive corporate events and technical analysis. The share buyback program enhances shareholder value and market perception. However, financial performance challenges and high valuation metrics slightly weigh down the score.
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 of essential components, packaging, and filters. The company serves a diverse range of markets, including healthcare, consumer goods, and industrial sectors.
Average Trading Volume: 832,699
Technical Sentiment Signal: Sell
Current Market Cap: £314.4M
For a thorough assessment of ESNT stock, go to TipRanks’ Stock Analysis page.