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Essentra ( (GB:ESNT) ) has provided an update.
Essentra plc has executed a share buyback transaction, purchasing 11,500 of its ordinary shares at a price of 92.9 GBp each as part of its ongoing buyback program. The company plans to cancel these shares, reducing the total number of shares in circulation to 285,287,244, which will affect the calculation of voting rights and shareholder notifications under the Financial Conduct Authority’s rules.
The most recent analyst rating on (GB:ESNT) stock is a Buy with a £150.00 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, with strong gross margins but declining revenue and profitability. Technical indicators suggest a bearish trend, and the stock appears overvalued based on its P/E ratio. The lack of earnings call data and corporate events limits additional insights.
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. The company is known for its diverse range of products, including plastic, fiber, foam, and packaging components, serving various sectors such as automotive, healthcare, and consumer goods.
Average Trading Volume: 792,810
Technical Sentiment Signal: Sell
Current Market Cap: £265.6M
See more data about ESNT stock on TipRanks’ Stock Analysis page.