Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Essentra ( (GB:ESNT) ) has shared an announcement.
Essentra plc, a company involved in a share buyback program, announced the purchase of 11,500 of its ordinary shares at a price of 98.4 GBp per share from Peel Hunt LLP. This transaction is part of a buyback program initiated in March 2023, and the company plans to cancel these shares, reducing the total number of voting rights to 285,252,744. This move is in line with Essentra’s strategy to manage its share capital and could potentially impact shareholder voting rights and interests.
The most recent analyst rating on (GB:ESNT) stock is a Buy with a £150.00 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, with strong gross margins but declining revenue and profitability. Technical indicators suggest a bearish trend, and the stock appears overvalued based on its P/E ratio. The lack of earnings call data and corporate events limits additional insights.
To see Spark’s full report on GB:ESNT stock, click here.
More about Essentra
Average Trading Volume: 857,033
Technical Sentiment Signal: Strong Sell
Current Market Cap: £279.5M
For detailed information about ESNT stock, go to TipRanks’ Stock Analysis page.