Essentra’s (ESNT) “Buy” Rating Reaffirmed at Berenberg Bank

Essentra (LON:ESNT)‘s stock had its “buy” rating reiterated by analysts at Berenberg Bank in a research note issued to investors on Thursday,London Stock Exchange reports. They currently have a GBX 160 price target on the stock. Berenberg Bank’s price target points to a potential upside of 71.12% from the stock’s previous close.

Several other equities research analysts also recently weighed in on ESNT. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Essentra from GBX 165 to GBX 150 and set a “buy” rating for the company in a research note on Thursday, January 15th. Royal Bank Of Canada decreased their target price on Essentra to GBX 130 and set an “outperform” rating for the company in a research report on Wednesday. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of GBX 164.

Essentra Price Performance

ESNT stock traded down GBX 3.90 during midday trading on Thursday, reaching GBX 93.50. 10,167,028 shares of the stock were exchanged, compared to its average volume of 1,860,255. Essentra has a 52 week low of GBX 88.53 and a 52 week high of GBX 123.80. The company has a fifty day moving average price of GBX 101.70 and a 200 day moving average price of GBX 100.70. The company has a debt-to-equity ratio of 47.67, a current ratio of 2.20 and a quick ratio of 0.50. The stock has a market capitalization of £266.31 million, a PE ratio of 28.33, a P/E/G ratio of 3.84 and a beta of 0.86.

Essentra (LON:ESNT) last announced its quarterly earnings results on Tuesday, March 17th. The company reported GBX 6.10 EPS for the quarter. Essentra had a return on equity of 0.79% and a net margin of 0.70%. As a group, analysts expect that Essentra will post 524.137931 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Kath Durrant bought 10,894 shares of the company’s stock in a transaction on Tuesday, March 17th. The shares were purchased at an average cost of GBX 91 per share, for a total transaction of £9,913.54. Also, insider Rowan Baker acquired 10,977 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The stock was purchased at an average price of GBX 91 per share, for a total transaction of £9,989.07. Over the last 90 days, insiders have purchased 61,871 shares of company stock valued at $5,710,261. Company insiders own 0.48% of the company’s stock.

Essentra Company Profile

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.