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The latest update is out from Essentra ( (GB:ESNT) ).
Essentra plc has announced a share repurchase as part of its previously declared Buyback Programme. The company acquired 11,500 ordinary shares at a volume-weighted average price of 99.2 GBp, and plans to cancel these shares, reducing its overall share count to 285,160,744 with implications on voting rights calculations as per regulatory guidelines.
The most recent analyst rating on (GB:ESNT) stock is a Buy with a £150.00 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 and technical indicators suggesting potential bearish momentum. The high valuation poses a risk, but the positive impact of the share buyback program supports shareholder value. The absence of recent earnings call data limits insights into management’s outlook.
To see Spark’s full report on GB:ESNT stock, click here.
More about Essentra
Essentra plc operates within the manufacturing sector, specializing in the production and distribution of essential components and solutions. The company caters to a broad range of markets, focusing on innovation and operational efficiency to align with stakeholder expectations.
Average Trading Volume: 829,927
Technical Sentiment Signal: Strong Sell
Current Market Cap: £280.5M
For detailed information about ESNT stock, go to TipRanks’ Stock Analysis page.