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Essentra ( (GB:ESNT) ) has provided an announcement.
Essentra plc has announced the acquisition of Device Technologies LLC, a US-based company specializing in specialty cable protection devices, for an initial cash consideration of $6.7 million. This acquisition aligns with Essentra’s strategy for inorganic growth, enhancing its product portfolio and expanding its presence in the Americas. The acquisition is expected to generate revenue synergies through cross-selling opportunities in EMEA and APAC, and it is anticipated to be accretive to both earnings and margins, supporting Essentra’s long-term sustainable value creation strategy.
The most recent analyst rating on (GB:ESNT) stock is a Hold with a £107.00 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 and technical indicators suggesting potential bearish momentum. The high valuation poses a risk, but the positive impact of the share buyback program supports shareholder value. The absence of recent earnings call data limits insights into management’s outlook.
To see Spark’s full report on GB:ESNT stock, click here.
More about Essentra
Essentra plc is a leading global provider of essential components and solutions, focusing on the manufacture and distribution of plastic injection moulded, vinyl dip moulded and metal items. Headquartered in the United Kingdom, Essentra operates in 28 countries with approximately 3,000 employees, 14 manufacturing facilities, 26 distribution centres, and 37 sales & service centres. The company serves around 64,000 customers across industries such as equipment manufacturing, automotive, fabrication, electronics, medical, and renewable energy.
Average Trading Volume: 871,577
Technical Sentiment Signal: Strong Sell
Current Market Cap: £284M
Learn more about ESNT stock on TipRanks’ Stock Analysis page.