Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Essity AB ( ($SE:ESSITY.B) ) has provided an announcement.
Essity has repurchased 271,160 Class B shares as part of its SEK 3 billion buyback program, which aims to enhance capital allocation through share buybacks financed by cash flow from operations. This strategic move is expected to impact Essity’s market positioning by potentially increasing shareholder value and optimizing capital structure.
The most recent analyst rating on ($SE:ESSITY.B) stock is a Sell with a SEK228.00 price target. To see the full list of analyst forecasts on Essity AB stock, see the SE:ESSITY.B Stock Forecast page.
More about Essity AB
Essity is a global leader in the hygiene and health industry, providing products and services to over a billion people daily across approximately 150 countries. The company operates under prominent brands such as TENA and Tork, with headquarters in Stockholm, Sweden, and is listed on Nasdaq Stockholm.
YTD Price Performance: -15.38%
Average Trading Volume: 1,249,629
Technical Sentiment Signal: Sell
Current Market Cap: SEK167.5B
For an in-depth examination of ESSITY.B stock, go to TipRanks’ Overview page.