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An announcement from Essentra ( (GB:ESNT) ) is now available.
Essentra plc announced the repurchase of 11,500 ordinary shares as part of its ongoing buyback program, initially announced in March 2023. The shares, purchased at a price of 99.1 GBp each from Peel Hunt LLP, will be canceled, reducing the total number of voting rights to 285,946,744. This move is part of Essentra’s strategy to manage its share capital effectively and may impact shareholder 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 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 within the manufacturing sector, focusing on the production and distribution of essential components and solutions across various industries. The company is known for its diverse range of products, including plastic and fiber components, and has a significant presence in the global market.
Average Trading Volume: 1,048,553
Technical Sentiment Signal: Sell
Current Market Cap: £280.2M
Learn more about ESNT stock on TipRanks’ Stock Analysis page.