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The latest update 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 purchased at a price of 104.4 GBp each and are set to 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 decreasing the number of shares available in the market.
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 Outperform.
Essentra’s overall stock score is supported by a strong corporate event strategy of share buybacks and a high dividend yield, despite challenges in financial performance and mixed technical indicators. The company’s strategic actions to enhance shareholder value contribute significantly to its score.
To see Spark’s full report on GB:ESNT stock, click here.
More about Essentra
Essentra plc operates in the manufacturing industry, primarily focusing on producing and distributing essential components and solutions. The company is known for its diverse range of products, including plastic and fiber components, and serves various markets globally.
Average Trading Volume: 813,617
Technical Sentiment Signal: Sell
Current Market Cap: £304.6M
For a thorough assessment of ESNT stock, go to TipRanks’ Stock Analysis page.