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Essentra ( (GB:ESNT) ) has issued an announcement.
Essentra plc announced the purchase of 11,500 of its ordinary shares as part of a previously announced buyback program. The shares were bought at a consistent price of 107 GBp each and will be canceled, reducing the total number of voting rights and shares in circulation. This move is part of Essentra’s strategy to manage its capital structure and potentially enhance 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 is driven by a combination of mixed financial performance and positive technical momentum. The company’s strategic actions, such as share buybacks, demonstrate a focus on enhancing shareholder value, which positively impacts the score. However, high valuation and challenges in revenue growth and profitability present risks that weigh down the score.
To see Spark’s full report on GB:ESNT stock, click here.
More about Essentra
Essentra plc operates in the manufacturing sector, focusing on producing essential components and solutions for various industries. The company is known for its expertise in providing plastic, fiber, foam, and packaging products, catering to a diverse market that includes the automotive, healthcare, and consumer goods industries.
Average Trading Volume: 917,842
Technical Sentiment Signal: Sell
Current Market Cap: £312.2M
Find detailed analytics on ESNT stock on TipRanks’ Stock Analysis page.