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Essentra ( (GB:ESNT) ) has provided an update.
Essentra plc announced the repurchase of 11,500 ordinary shares as part of its ongoing buyback programme, with each share priced at 109.6 GBp. This transaction, executed through Peel Hunt LLP, will result in the cancellation of the purchased shares, affecting the total number of voting rights and potentially impacting shareholder interests 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 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 within the manufacturing industry, focusing on producing essential components and solutions for various sectors. The company is known for its diverse range of products and services, catering to a global market with a focus on innovation and sustainability.
Average Trading Volume: 962,432
Technical Sentiment Signal: Sell
Current Market Cap: £305.9M
For a thorough assessment of ESNT stock, go to TipRanks’ Stock Analysis page.