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An update from Essentra ( (GB:ESNT) ) is now available.
Essentra plc announced the purchase of 50,000 of its ordinary shares as part of its ongoing buyback programme. The shares were acquired at a volume-weighted average price of 104.1 pence per share and will be cancelled, reducing the total number of shares in circulation. This move is expected to impact the company’s shareholding structure and voting rights, aligning with the Financial Conduct Authority’s regulations.
The most recent analyst rating on (GB:ESNT) stock is a Hold with a £107.00 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 downward pressure. The high P/E ratio indicates overvaluation, which, combined with modest profitability, results in a cautious outlook. The absence of earnings call and corporate events data limits further insights.
To see Spark’s full report on GB:ESNT stock, click here.
More about Essentra
Essentra plc operates in the manufacturing industry, primarily focusing on producing and distributing essential components and solutions. The company is known for its expertise in providing a wide range of products including plastic and fiber components, packaging, and filtration solutions, catering to diverse market sectors.
Average Trading Volume: 809,125
Technical Sentiment Signal: Sell
Current Market Cap: £295.6M
For an in-depth examination of ESNT stock, go to TipRanks’ Overview page.