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The latest update is out from Essentra ( (GB:ESNT) ).
Essentra plc announced the repurchase of 11,500 of its ordinary shares at a price of 93.6 GBp each as part of its ongoing buyback programme. This transaction, executed through Peel Hunt LLP, is part of Essentra’s strategy to optimize its capital structure and enhance shareholder value. Following this purchase and the subsequent cancellation of these shares, the total number of voting rights in Essentra will be 285,321,744, which is significant for shareholders in terms of regulatory compliance and transparency.
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, with strong gross margins but declining revenue and profitability. Technical indicators suggest a bearish trend, and the stock appears overvalued based on its P/E ratio. The lack of earnings call data and corporate events limits additional insights.
To see Spark’s full report on GB:ESNT stock, click here.
More about Essentra
Essentra plc is a leading global provider in the manufacturing industry, primarily focusing on producing essential components, packaging, and filters. The company serves a diverse range of markets, including automotive, healthcare, and consumer goods, with a strong emphasis on innovation and customer-centric solutions.
Average Trading Volume: 769,448
Technical Sentiment Signal: Sell
Current Market Cap: £263.9M
See more data about ESNT stock on TipRanks’ Stock Analysis page.