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An update from Essentra ( (GB:ESNT) ) is now available.
Essentra plc has executed a share buyback transaction, purchasing 11,500 ordinary shares at a consistent price of 100 pence each as part of its ongoing buyback program initiated in March 2023. The company plans to cancel these shares, reducing the total number of shares in circulation, which will impact the voting rights and shareholding calculations for stakeholders under regulatory guidelines.
The most recent analyst rating on (GB:ESNT) stock is a Hold with a £107.00 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 indicators suggesting potential bearish momentum. The high valuation poses a risk, but the positive impact of the share buyback program supports shareholder value. The absence of recent earnings call data limits insights into management’s outlook.
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 and distribution of essential components and solutions. The company is known for its wide range of products, including plastic and fiber components, and serves various markets globally.
Average Trading Volume: 883,302
Technical Sentiment Signal: Sell
Current Market Cap: £286.9M
See more insights into ESNT stock on TipRanks’ Stock Analysis page.