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The latest update is out from Essentra ( (GB:ESNT) ).
Essentra plc announced the repurchase of 11,500 of its ordinary shares as part of a buyback program initiated in March 2023. The shares were purchased at a consistent price of 107.4 GBp each and will be canceled, reducing the total number of shares in circulation and potentially impacting shareholder voting rights and 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.
The overall stock score for Essentra reflects a mixed outlook. The most significant positive factor is the company’s proactive share buyback strategy, which supports shareholder value. While technical indicators show some short-term bullish momentum, the company’s financial performance and valuation metrics highlight areas that require strategic improvement, particularly in revenue 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 various markets globally.
Average Trading Volume: 909,210
Technical Sentiment Signal: Sell
Current Market Cap: £297.8M
Learn more about ESNT stock on TipRanks’ Stock Analysis page.