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Essentra ( (GB:ESNT) ) has shared an announcement.
Essentra plc announced the repurchase of 50,000 of its ordinary shares at a price of 100 GBp each, as part of its ongoing buyback programme. This transaction, facilitated by Peel Hunt LLP, is part of Essentra’s strategy to manage its share capital, and the purchased shares will be cancelled, impacting the total number of voting rights and share calculations for stakeholders.
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 mixed financial performance and technical analysis indicating bearish trends. However, positive corporate events, such as share buybacks and insider purchases, provide a boost to the score, reflecting management’s confidence and efforts to enhance shareholder value.
To see Spark’s full report on GB:ESNT stock, click here.
More about Essentra
Essentra plc operates in the manufacturing industry, primarily focusing on producing essential components and solutions for various sectors. The company offers products such as plastic and fiber-based components, packaging, and filters, serving markets including automotive, healthcare, and electronics.
Average Trading Volume: 808,487
Technical Sentiment Signal: Strong Sell
Current Market Cap: £282.6M
See more insights into ESNT stock on TipRanks’ Stock Analysis page.