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Essentra ( (GB:ESNT) ) just unveiled an announcement.
Essentra plc announced the repurchase of 11,500 ordinary shares at a price of 97.60 GBp each as part of its ongoing buyback program initiated in March 2023. The company plans to cancel these shares, reducing the total number of shares in circulation, which will impact voting rights and shareholder calculations under the Financial Conduct Authority’s rules.
The most recent analyst rating on (GB:ESNT) stock is a Hold with a £106.00 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 reflects mixed financial performance with strong gross margins but declining revenue and profitability. Technical analysis indicates a neutral to slightly bearish trend, and the stock appears overvalued based on its P/E ratio. The dividend yield offers some support, but strategic improvements are needed for growth and profitability.
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 is known for its diverse range of products, including plastic and fiber-based components, and serves a global market with a focus on innovation and sustainability.
Average Trading Volume: 793,502
Technical Sentiment Signal: Sell
Current Market Cap: £282.3M
For an in-depth examination of ESNT stock, go to TipRanks’ Overview page.