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The latest announcement is out from Essentra ( (GB:ESNT) ).
Essentra plc announced the repurchase of 11,500 of its ordinary shares as part of its ongoing buyback programme. The shares were bought at a consistent price of 96 pence each and will be cancelled, reducing the total number of shares in circulation. This move is part of Essentra’s strategy to manage its share capital and potentially enhance shareholder value by reducing the number of shares available, thereby increasing the value of remaining shares.
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 is driven by strong corporate governance and strategic capital management, as reflected in positive corporate events. However, mixed financial performance and technical indicators, along with a high valuation, temper the overall outlook. The lack of recent earnings call data limits insight into forward-looking guidance.
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 essential components and solutions for various sectors. The company is known for its expertise in providing innovative products and services, catering to a diverse range of market needs.
Average Trading Volume: 1,378,410
Technical Sentiment Signal: Sell
Current Market Cap: £274.5M
Learn more about ESNT stock on TipRanks’ Stock Analysis page.