Essentra Executes Share Buyback as Part of Ongoing Programme

Essentra ( (GB:ESNT) ) has shared an announcement.

Essentra plc announced the purchase of 11,500 of its own ordinary shares at a price of 95.3 GBp each as part of its ongoing buyback programme. The company plans to cancel these shares, which will adjust the total number of voting rights and potentially impact shareholder calculations under regulatory rules.

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 driven by strong corporate governance and strategic capital management, as reflected in positive corporate events. However, mixed financial performance and technical indicators, along with a high valuation, temper the overall outlook. The lack of recent earnings call data limits insight into forward-looking guidance.

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 of essential components and solutions for various sectors, including healthcare, electronics, and industrial markets.

Average Trading Volume: 1,521,378

Technical Sentiment Signal: Sell

Current Market Cap: £275.7M

Find detailed analytics on ESNT stock on TipRanks’ Stock Analysis page.