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Essentra ( (GB:ESNT) ) has issued an announcement.
Essentra plc announced the purchase of 11,500 ordinary shares as part of its ongoing buyback program, initially announced in March 2023. The shares were acquired at a consistent price of 99.8 GBp each and will be cancelled, reducing the total number of shares in circulation to 286,004,244. This move is expected to impact the company’s shareholding structure, affecting voting rights and potentially influencing shareholder decisions under the Financial Conduct Authority’s rules.
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 reflects mixed financial performance with solid gross margins but challenges in profitability and revenue growth. Technical analysis shows neutral signals with short-term strength. Valuation is fair, supported by a reasonable P/E ratio and dividend yield. The recent share buyback program and insider buying are positive, but these are accounted for within financial performance and technical analysis. The absence of earnings call data limits this component’s influence.
To see Spark’s full report on GB:ESNT stock, click here.
More about Essentra
Essentra plc operates in the manufacturing industry, focusing on producing and distributing essential components and solutions. The company is known for its wide range of products, including plastic, fiber, foam, and packaging components, serving various sectors such as automotive, electronics, and healthcare.
Average Trading Volume: 1,356,550
Technical Sentiment Signal: Sell
Current Market Cap: £284.8M
See more data about ESNT stock on TipRanks’ Stock Analysis page.