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Essentra ( (GB:ESNT) ) has provided an update.
Essentra plc has executed a buyback of 11,500 ordinary shares at a price of 102.4 GBp per share, as part of its ongoing buyback programme initiated in March 2023. The company plans to cancel these shares, which will adjust the total number of voting rights to 285,923,744. This move is in line with Essentra’s strategy to manage its capital structure and potentially enhance shareholder value.
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 overall stock score reflects mixed financial performance with strong gross margins but challenges in revenue growth and profitability. Technical analysis shows neutral signals, while a relatively high P/E ratio suggests overvaluation despite a decent dividend yield. The company’s active share buyback program positively impacts shareholder value, supporting the score.
To see Spark’s full report on GB:ESNT stock, click here.
More about Essentra
Essentra plc operates in the manufacturing industry, primarily offering a range of essential components and solutions. The company focuses on producing specialized plastic, fiber, foam, and packaging products, serving a diverse set of markets including automotive, electronics, and healthcare.
Average Trading Volume: 1,029,055
Technical Sentiment Signal: Sell
Current Market Cap: £296.2M
For a thorough assessment of ESNT stock, go to TipRanks’ Stock Analysis page.