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An update from Essentra ( (GB:ESNT) ) is now available.
Essentra plc has executed a share buyback transaction, purchasing 11,500 ordinary shares at a price of 94.6 GBp each as part of its ongoing buyback program. This move is intended to reduce the number of shares in circulation, thereby potentially increasing the value of remaining shares. Following the cancellation of these shares, Essentra will have 285,275,744 ordinary shares in issue, which will affect the total number of voting rights and may influence shareholder decisions 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 industry, focusing on providing essential components and solutions. The company is known for its production of plastic, fiber, foam, and packaging products, serving a wide range of markets including automotive, electronics, and healthcare.
Average Trading Volume: 792,810
Technical Sentiment Signal: Sell
Current Market Cap: £265.6M
For a thorough assessment of ESNT stock, go to TipRanks’ Stock Analysis page.