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The latest announcement is out from Essentra ( (GB:ESNT) ).
Essentra plc has repurchased 11,500 of its ordinary shares at a price of 95.20 GBp each as part of its ongoing buyback program initiated in March 2023. The repurchased shares will be canceled, reducing the number of shares in circulation and potentially impacting shareholder voting rights and interest notifications under regulatory rules.
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 producing essential components and solutions for various sectors. The company is known for its diverse range of products, including plastic and fiber components, packaging, and filtration products, catering to a wide array of industrial and consumer markets.
Average Trading Volume: 745,207
Technical Sentiment Signal: Sell
Current Market Cap: £280M
Find detailed analytics on ESNT stock on TipRanks’ Stock Analysis page.