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An announcement from Essentra ( (GB:ESNT) ) is now available.
Essentra plc, a company involved in the manufacturing and distribution sector, announced a share buyback transaction involving the purchase of 11,500 ordinary shares at a consistent price of 114.4 GBp per share. This transaction is part of a previously announced buyback program, and the company plans to cancel the purchased shares, adjusting the total number of voting rights to 285,889,244. This move is expected to impact shareholder calculations under the Financial Conduct Authority’s rules, potentially affecting stakeholder interests.
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 is primarily influenced by its stable financial performance and technical momentum. The company’s strategic share buyback and positive analyst sentiment also add to its attractiveness, despite high valuation concerns. The lack of earnings call data limits a complete assessment, but the positive corporate actions and technical indicators provide a supportive backdrop for the stock.
To see Spark’s full report on GB:ESNT stock, click here.
More about Essentra
Average Trading Volume: 951,210
Technical Sentiment Signal: Sell
Current Market Cap: £328.7M
For a thorough assessment of ESNT stock, go to TipRanks’ Stock Analysis page.