Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Essentra ( (GB:ESNT) ) has provided an update.
Essentra plc has executed a share buyback, purchasing 11,500 of its ordinary shares at a price of 111.20 GBp each as part of its ongoing buyback program. This move, which involves canceling the purchased shares, will reduce the total number of shares in circulation, impacting the company’s voting rights and potentially affecting shareholder calculations under financial regulations.
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 is a leading global provider in the manufacturing sector, specializing in essential components and solutions. The company focuses on providing a wide range of products including plastic, fiber, foam, and packaging components, serving various industries worldwide.
Average Trading Volume: 837,372
Technical Sentiment Signal: Sell
Current Market Cap: £317.4M
See more data about ESNT stock on TipRanks’ Stock Analysis page.