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An announcement from Essentra ( (GB:ESNT) ) is now available.
Essentra plc announced the purchase of 11,500 of its ordinary shares at a price of 98 GBp each as part of its ongoing buyback programme. This transaction, executed through Peel Hunt LLP, will result in the cancellation of the purchased shares, reducing the total number of shares in issue to 285,969,744. This move is expected to impact the company’s shareholding structure and voting rights, aligning with regulatory requirements and potentially influencing shareholder decisions.
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 essential components and solutions for various sectors. The company is known for its diverse range of products, including plastic and fiber components, which serve a broad market base.
Average Trading Volume: 1,309,921
Technical Sentiment Signal: Sell
Current Market Cap: £283.9M
For a thorough assessment of ESNT stock, go to TipRanks’ Stock Analysis page.