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Essentra ( (GB:ESNT) ) has provided an announcement.
Essentra plc announced the repurchase of 11,500 of its ordinary shares at a price of 97.6 GBp per share as part of its ongoing buyback programme. The company plans to cancel these shares, which will adjust the total number of voting rights to 285,178,244, impacting 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 sector, focusing on the production and distribution of essential components and solutions. The company is known for its diverse range of products, including plastic and fiber-based components, and has a significant market presence in various industrial sectors.
Average Trading Volume: 836,969
Technical Sentiment Signal: Sell
Current Market Cap: £292.7M
See more data about ESNT stock on TipRanks’ Stock Analysis page.