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Essentra ( (GB:ESNT) ) just unveiled an announcement.
Essentra plc has executed a share buyback transaction, purchasing 50,000 of its ordinary shares at a price of 104.3 GBp each, as part of its ongoing buyback programme. The company plans to cancel these shares, which will result in a new total of 285,301,244 voting rights, impacting shareholder calculations under financial regulations.
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 downward pressure. The high P/E ratio indicates overvaluation, which, combined with modest profitability, results in a cautious outlook. The absence of earnings call and corporate events data limits further 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 offers a range of products including plastic and fiber components, packaging, and filtration products, serving various markets globally.
Average Trading Volume: 837,755
Technical Sentiment Signal: Sell
Current Market Cap: £302.4M
Find detailed analytics on ESNT stock on TipRanks’ Stock Analysis page.