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An update from Essentra ( (GB:ESNT) ) is now available.
Essentra plc announced the purchase of 11,500 ordinary shares as part of its ongoing buyback program, initially announced in March 2023. The shares were acquired at a uniform price of 112.2 GBp each and will be canceled, reducing the total number of shares in circulation, which will impact shareholder voting rights and transparency calculations.
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 producing essential components and solutions for various sectors. The company’s primary products include plastic and fiber-based components, and it serves a diverse market with a focus on innovation and sustainability.
Average Trading Volume: 822,205
Technical Sentiment Signal: Sell
Current Market Cap: £314.4M
See more data about ESNT stock on TipRanks’ Stock Analysis page.