Essentra (LON:ESNT) Given Buy Rating at Berenberg Bank

Essentra (LON:ESNT)‘s stock had its “buy” rating reaffirmed by investment analysts at Berenberg Bank in a research report issued on Friday, MarketBeat reports. They presently have a GBX 140 price target on the stock. Berenberg Bank‘s price target would suggest a potential upside of 20.69% from the company’s current price.

Other equities research analysts have also issued reports about the company. Jefferies Financial Group reaffirmed a “buy” rating and issued 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 company an “outperform” rating in a research note 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 company. Based on data from MarketBeat, Essentra currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 130.

Essentra Price Performance

Shares of ESNT traded down GBX 2.80 during mid-day trading on Friday, reaching GBX 116. The stock had a trading volume of 7,597,388 shares, compared to its average volume of 1,662,263. The business has a fifty day moving average of GBX 110.22 and a 200 day moving average of GBX 96.01. 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 firm has a market cap of £328.07 million, a price-to-earnings ratio of 46.40, a PEG ratio of 3.84 and a beta of 0.86. Essentra has a 12 month low of GBX 78.40 and a 12 month high of GBX 124.

Essentra (LON:ESNT) last announced its quarterly earnings data 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.