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

Essentra (LON:ESNT)‘s stock had its “buy” rating reiterated by stock analysts at Berenberg Bank in a report issued on Friday, Marketbeat reports. They presently have a GBX 140 price objective on the stock. Berenberg Bank‘s target price indicates a potential upside of 20.48% from the company’s current price.

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

Essentra Trading Down 2.2%

Shares of LON:ESNT opened at GBX 116.20 on Friday. Essentra has a 52-week low of GBX 78.40 and a 52-week high of GBX 124. The stock has a market cap of £328.63 million, a price-to-earnings ratio of 46.48, a PEG ratio of 3.84 and a beta of 0.86. The company has a quick ratio of 0.50, a current ratio of 2.33 and a debt-to-equity ratio of 53.28. The business has a 50-day moving average price of GBX 110.22 and a 200-day moving average price of GBX 96.01.

Essentra (LON:ESNT) last issued its 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%. Equities analysts predict that Essentra will post 524.14 EPS for the current year.

About Essentra

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.