Essentra (LON:ESNT) Rating Reiterated by Berenberg Bank

Posted by Dante Gardener on May 27th, 2024

Berenberg Bank reiterated their buy rating on shares of Essentra (LON:ESNT – Free Report) in a report published on Thursday, MarketBeat Ratings reports. They currently have a GBX 255 ($3.24) price target on the stock.

Essentra Stock Performance

Shares of LON ESNT opened at GBX 166.40 ($2.11) on Thursday. The company has a debt-to-equity ratio of 46.27, a quick ratio of 0.50 and a current ratio of 1.65. The company has a market cap of £479.33 million, a P/E ratio of 8,320.00, a P/E/G ratio of 3.84 and a beta of 1.18. The firm’s fifty day moving average is GBX 178.27 and its two-hundred day moving average is GBX 168.86. Essentra has a 52-week low of GBX 130.20 ($1.65) and a 52-week high of GBX 191.80 ($2.44).

Essentra Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, July 5th. Shareholders of record on Thursday, May 16th will be issued a GBX 2.40 ($0.03) dividend. This is an increase from Essentra’s previous dividend of $1.20. This represents a yield of 1.38%. The ex-dividend date is Thursday, May 16th. Essentra’s payout ratio is currently 20,000.00%.

Insider Buying and Selling at Essentra

In other Essentra news, insider Scott Fawcett sold 55,301 shares of Essentra stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of GBX 176 ($2.24), for a total value of £97,329.76 ($123,703.30). 4.00% of the stock is currently owned by insiders.

About Essentra

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Essentra plc manufactures and distributes plastic injection and vinyl dip moulded, and metal components worldwide. The company offers cable ties and conduit, and accessories; grommets, strain relief, and blanking plugs; cable glands and accessories; caps and plugs; card guides and pullers; circuit board hardware products; EMI suppression ferrite cores; fan accessories comprising filters and fan mounting accessories; screws and nuts; rivet and panel fasteners; barbed and push-fit fasteners; binder screws and snap fasteners; washers; spacers; brushes; feet; fibre management; and furniture fittings.