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Essentra ( (GB:ESNT) ) just unveiled an update.
Essentra plc announced the repurchase of 50,000 ordinary shares as part of its ongoing buyback program. The shares were bought at a consistent price of 102.7 GBp and will be canceled, reducing the total number of voting rights to 285,201,244. This move is part of Essentra’s strategy to manage its capital structure and potentially enhance shareholder value.
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 industry, 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 components, and serves a variety of markets globally.
Average Trading Volume: 833,125
Technical Sentiment Signal: Sell
Current Market Cap: £295.5M
See more data about ESNT stock on TipRanks’ Stock Analysis page.