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The latest update is out from Essentra ( (GB:ESNT) ).
Essentra plc, a company involved in a buyback programme, announced the purchase of 11,500 ordinary shares at a price of 100.5000 GBp each from Peel Hunt LLP. The company plans to cancel these shares, which will result in a total of 285,218,244 voting rights available for shareholders, impacting their ability to notify changes in their interest in the company.
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 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: 878,918
Technical Sentiment Signal: Sell
Current Market Cap: £286.9M
For an in-depth examination of ESNT stock, go to TipRanks’ Overview page.