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Essentra ( (GB:ESNT) ) has provided an announcement.
Essentra plc has executed a share buyback, purchasing 11,500 of its ordinary shares at a consistent price of 102.4 GBp each, as part of its ongoing buyback programme. This move will reduce the total number of shares in circulation, impacting the voting rights and shareholding calculations for stakeholders, and demonstrating Essentra’s commitment to enhancing shareholder value.
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 reflects mixed financial performance with strong gross margins but challenges in revenue growth and profitability. Technical analysis shows neutral signals, while a relatively high P/E ratio suggests overvaluation despite a decent dividend yield. The company’s active share buyback program positively impacts shareholder value, supporting the score.
To see Spark’s full report on GB:ESNT stock, click here.
More about Essentra
Essentra plc operates in the manufacturing industry, focusing on producing essential components and solutions. The company is known for its diverse range of products, including plastic and fiber components, which serve various sectors such as automotive, healthcare, and industrial equipment.
Average Trading Volume: 1,029,055
Technical Sentiment Signal: Sell
Current Market Cap: £296.2M
For detailed information about ESNT stock, go to TipRanks’ Stock Analysis page.