Essentra (LON:ESNT) Stock Rating Reaffirmed as Buy by Berenberg Bank

Essentra (LON:ESNT)‘s stock had its “buy” rating restated by equities researchers at Berenberg Bank in a report released on Friday, MarketBeat reports. They currently have a GBX 140 target price on the stock. Berenberg Bank‘s target price indicates a potential upside of 21.53% from the stock’s current price.

Several other equities research analysts have also issued reports on the company. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 140 target price on shares of Essentra in a research report on Thursday. Royal Bank Of Canada lifted their target price on Essentra from GBX 130 to GBX 140 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 130.

Essentra Stock Performance

Shares of Essentra stock traded down GBX 3.60 during mid-day trading on Friday, hitting GBX 115.20. 10,466,938 shares of the stock were exchanged, compared to its average volume of 1,676,261. The company has a market capitalization of £325.81 million, a P/E ratio of 46.08, a P/E/G ratio of 3.84 and a beta of 0.86. The company has a debt-to-equity ratio of 53.28, a quick ratio of 0.50 and a current ratio of 2.33. The company has a 50-day simple moving average of GBX 110.40 and a 200 day simple moving average of GBX 96.14. Essentra has a 12 month low of GBX 78.40 and a 12 month high of GBX 124.

Essentra (LON:ESNT) last issued its quarterly earnings results on Tuesday, July 28th. The company reported GBX 7.20 EPS for the quarter. Essentra had a return on equity of 2.02% and a net margin of 1.71%. Sell-side analysts anticipate that Essentra will post 524.14 earnings per share for the current fiscal year.

Essentra Company Profile

Essentra plc is a leading global manufacturer and supplier 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 27 countries worldwide and includes c.3,000 employees, 16 manufacturing facilities, 27 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.