Essentra (LON:ESNT) Receives Buy Rating from Berenberg Bank

Essentra (LON:ESNT)‘s stock had its “buy” rating reaffirmed by research analysts at Berenberg Bank in a report issued on Thursday,London Stock Exchange reports. They presently have a GBX 160 price target on the stock. Berenberg Bank’s price target would suggest a potential upside of 64.61% from the company’s previous close.

Separately, Jefferies Financial Group lowered their price objective on Essentra from GBX 170 to GBX 150 and set a “buy” rating for the company in a research report on Monday, November 10th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of GBX 178.75.

Essentra Trading Up 0.9%

Shares of LON:ESNT traded up GBX 0.90 on Thursday, reaching GBX 97.20. 3,886,733 shares of the company traded hands, compared to its average volume of 1,258,445. The stock has a market capitalization of £277.06 million, a P/E ratio of 29.45, a price-to-earnings-growth ratio of 3.84 and a beta of 1.18. The business’s 50-day simple moving average is GBX 95.97 and its 200 day simple moving average is GBX 101.65. The company has a current ratio of 1.97, a quick ratio of 0.50 and a debt-to-equity ratio of 51.89. Essentra has a 52 week low of GBX 88.53 and a 52 week high of GBX 127.60.

About Essentra

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.