TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Essentra ( (GB:ESNT) ) just unveiled an update.
Essentra plc has executed a share buyback transaction, purchasing 11,500 of its ordinary shares at a price of 93.20 GBp each as part of its ongoing buyback programme. This move, aimed at reducing the number of outstanding shares, will result in a total of 285,344,744 voting shares in circulation, impacting shareholder calculations under the Financial Conduct Authority’s rules.
The most recent analyst rating on (GB:ESNT) stock is a Buy with a £150.00 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 mixed financial performance, with strong gross margins but declining revenue and profitability. Technical indicators suggest a bearish trend, and the stock appears overvalued based on its P/E ratio. The lack of earnings call data and corporate events limits additional insights.
To see Spark’s full report on GB:ESNT stock, click here.
More about Essentra
Essentra plc operates in the manufacturing sector, specializing in essential components and solutions. The company focuses on providing a wide range of products and services to various industries, including healthcare, automotive, and consumer goods, enhancing their operational efficiency and product functionality.
Average Trading Volume: 745,734
Technical Sentiment Signal: Sell
Current Market Cap: £265.9M
Learn more about ESNT stock on TipRanks’ Stock Analysis page.