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Essentra ( (GB:ESNT) ) has provided an update.
Essentra plc announced the repurchase of 11,500 of its ordinary shares at a price of 98 pence each as part of its ongoing buyback programme. This transaction, facilitated by Peel Hunt LLP, is part of Essentra’s strategy to manage its share capital effectively. The purchased shares will be cancelled, reducing the total number of shares in circulation, which impacts the voting rights and shareholding calculations under the Financial Conduct Authority’s rules.
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 a balance of mixed financial performance and moderate valuation concerns, offset by positive corporate events such as share buybacks. While technical indicators are neutral, strategic capital management bolsters investor confidence.
To see Spark’s full report on GB:ESNT stock, click here.
More about Essentra
Essentra plc operates within the manufacturing industry, focusing on producing essential components and solutions for various sectors. The company’s primary products include plastic and fiber components, and it serves a diverse market with a focus on providing innovative solutions.
Average Trading Volume: 1,254,823
Technical Sentiment Signal: Sell
Current Market Cap: £279.3M
See more insights into ESNT stock on TipRanks’ Stock Analysis page.