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Essentra ( (GB:ESNT) ) has issued an announcement.
Essentra plc announced the repurchase of 50,000 ordinary shares as part of its ongoing buyback programme, with the intention to cancel these shares. This move will adjust the total number of voting rights to 285,451,244, 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 Neutral.
Essentra’s overall stock score is driven by mixed financial performance and technical analysis indicating bearish trends. However, positive corporate events, such as share buybacks and insider purchases, provide a boost to the score, reflecting management’s confidence and efforts to enhance shareholder value.
To see Spark’s full report on GB:ESNT stock, click here.
More about Essentra
Essentra plc is a company operating in the manufacturing industry, focusing on the production of essential components and solutions. The company is known for its diverse range of products and services that cater to various market needs, including packaging, filtration, and industrial components.
Average Trading Volume: 808,487
Technical Sentiment Signal: Strong Sell
Current Market Cap: £282.6M
For a thorough assessment of ESNT stock, go to TipRanks’ Stock Analysis page.