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The latest announcement is out from Essentra ( (GB:ESNT) ).
Essentra plc has announced the repurchase of 11,500 of its ordinary shares as part of its ongoing buyback programme, initially announced in March 2023. The shares were bought at a consistent price of 110.60 GBp each and will be cancelled, reducing the total number of shares in circulation and potentially impacting shareholder voting rights. This move is part of Essentra’s strategy to manage its share capital and enhance shareholder value.
The most recent analyst rating on (GB:ESNT) stock is a Hold with a £106.00 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 and technical indicators. The company’s strong gross margins are offset by declining revenue and modest profitability. Technical analysis suggests limited momentum, and the high P/E ratio indicates potential overvaluation. The absence of earnings call data and corporate events leaves these areas unaddressed.
To see Spark’s full report on GB:ESNT stock, click here.
More about Essentra
Essentra plc operates in the manufacturing industry, focusing on providing essential components and solutions across various sectors. The company is known for its production of plastic, fiber, foam, and packaging products, serving a diverse range of markets including automotive, healthcare, and industrial sectors.
Average Trading Volume: 849,124
Technical Sentiment Signal: Sell
Current Market Cap: £322.6M
See more data about ESNT stock on TipRanks’ Stock Analysis page.