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Essentra ( (GB:ESNT) ) has shared an announcement.
Essentra plc announced the repurchase of 11,500 of its ordinary shares as part of a buyback program initiated in March 2023. The shares were purchased at a consistent price of 105.6 GBp each and will be cancelled, adjusting the total number of voting rights in the company, which may impact shareholder notifications under regulatory 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 stock is characterized by solid financial stability and a strong dividend yield. However, the declining revenues and modest profitability weigh on its potential for significant appreciation. The share buyback plan is a positive strategy but is overshadowed by operational challenges and modest technical performance.
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 items, serving a wide market that includes healthcare, industrial, and consumer goods sectors.
Average Trading Volume: 813,617
Technical Sentiment Signal: Sell
Current Market Cap: £304.6M
Find detailed analytics on ESNT stock on TipRanks’ Stock Analysis page.