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Essentra ( (GB:ESNT) ) has issued an announcement.
Essentra plc has repurchased 11,500 of its 25 pence ordinary shares at a price of 94.05 pence per share as part of its previously announced share buyback programme, with all shares acquired on the London Stock Exchange through broker Peel Hunt. The company intends to cancel these shares, which will reduce the number of ordinary shares in issue to 285,080,244 (excluding treasury shares) and set this figure as the new total voting rights, providing a revised denominator for shareholders assessing notification thresholds under UK disclosure rules.
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
Average Trading Volume: 692,964
Technical Sentiment Signal: Strong Sell
Current Market Cap: £273.6M
Find detailed analytics on ESNT stock on TipRanks’ Stock Analysis page.