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An announcement from Essentra ( (GB:ESNT) ) is now available.
Essentra plc, a company engaged in a share buyback program, has repurchased 11,500 of its ordinary shares at a price of 108.00 GBp each from Peel Hunt LLP. This transaction is part of a previously announced buyback program and is intended to reduce the number of shares in circulation, thereby potentially increasing the value of remaining shares. Following this purchase, Essentra plans to cancel the repurchased shares, resulting in a total of 285,540,244 voting rights shares in issue. This adjustment in shares will affect shareholder calculations under the Financial Conduct Authority’s 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 and technical indicators. The company’s strong gross margins are offset by declining revenue and modest profitability. Technical analysis suggests limited momentum, and the high P/E ratio indicates potential overvaluation. The absence of earnings call data and corporate events leaves these areas unaddressed.
To see Spark’s full report on GB:ESNT stock, click here.
More about Essentra
Average Trading Volume: 918,295
Technical Sentiment Signal: Sell
Current Market Cap: £304.3M
Find detailed analytics on ESNT stock on TipRanks’ Stock Analysis page.