Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest announcement is out from Essentra ( (GB:ESNT) ).
Essentra plc has announced the repurchase of 11,500 of its ordinary shares as part of its ongoing buyback programme, initially announced in March 2023. The shares were bought at a consistent price of 101.6000 GBp each and will be cancelled, reducing the total number of shares in circulation to 285,189,744. This move is expected to impact the company’s shareholding structure and could influence shareholder voting rights, aligning with regulatory requirements.
The most recent analyst rating on (GB:ESNT) stock is a Hold with a £106.00 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 strong gross margins but declining revenue and profitability. Technical analysis indicates a neutral to slightly bearish trend, and the stock appears overvalued based on its P/E ratio. The dividend yield offers some support, but strategic improvements are needed for growth and profitability.
To see Spark’s full report on GB:ESNT stock, click here.
More about Essentra
Essentra plc operates in the manufacturing industry, focusing on the production and distribution of essential components and solutions across various sectors. The company is known for its diverse range of products, including plastic and fiber components, and has a significant market presence in providing innovative solutions to enhance operational efficiency for its clients.
Average Trading Volume: 832,398
Technical Sentiment Signal: Sell
Current Market Cap: £286.8M
See more data about ESNT stock on TipRanks’ Stock Analysis page.