Essentra (LON:ESNT) Earns “Hold” Rating from Deutsche Bank Aktiengesellschaft

Essentra (LON:ESNT)‘s stock had its “hold” rating reissued by Deutsche Bank Aktiengesellschaft in a research report issued on Thursday,London Stock Exchange reports. They presently have a GBX 100 price objective on the stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 17.10% from the company’s previous close.

Several other equities analysts have also commented on the company. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 160 price target on shares of Essentra in a research note on Thursday, March 19th. Royal Bank Of Canada reduced their price objective on shares of Essentra to GBX 130 and set an “outperform” rating on the stock in a report on Wednesday, March 18th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 130 target price on shares of Essentra in a research report on Wednesday. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 150.

Essentra Trading Down 2.3%

Shares of ESNT stock traded down GBX 2 during trading on Thursday, hitting GBX 85.40. 140,856 shares of the stock traded hands, compared to its average volume of 2,487,536. Essentra has a 52-week low of GBX 79.60 and a 52-week high of GBX 123.80. The firm has a market capitalization of £242.47 million, a P/E ratio of 122.00, a price-to-earnings-growth ratio of 3.84 and a beta of 0.80. The firm’s fifty day moving average price is GBX 87.73 and its 200-day moving average price is GBX 95.12. The company has a debt-to-equity ratio of 47.67, a current ratio of 2.20 and a quick ratio of 0.50.

Essentra (LON:ESNT) last issued its quarterly earnings data on Tuesday, March 17th. The company reported GBX 6.10 earnings per share for the quarter. Essentra had a return on equity of 0.79% and a net margin of 0.70%. As a group, research analysts forecast that Essentra will post 524.137931 earnings per share for the current fiscal year.

Insider Transactions at Essentra

In other news, insider Steve Good purchased 40,000 shares of the firm’s stock in a transaction on Tuesday, March 17th. The shares were bought at an average cost of GBX 93 per share, for a total transaction of £37,200. Also, insider Scott Fawcett purchased 17,483 shares of the stock in a transaction dated Wednesday, April 15th. The shares were purchased at an average price of GBX 86 per share, with a total value of £15,035.38. Insiders purchased 91,194 shares of company stock worth $8,208,359 in the last ninety days. 0.48% of the stock is owned by company insiders.

Essentra Company Profile

Essentra plc is a leading global provider of essential components and solutions, focusing on the manufacture and distribution of plastic injection moulded, vinyl dip moulded and metal items.

Headquartered in the United Kingdom, Essentra’s global network extends to 28 countries worldwide and includes c.3,000 employees, 14 manufacturing facilities, 26 distribution centres and 37 sales & service centres serving c.64,000 customers with a rapid supply of low cost but essential products for a variety of applications in industries such as equipment manufacturing, automotive, fabrication, electronics, medical and renewable energy.