Berenberg Bank Reaffirms “Buy” Rating for Essentra (LON:ESNT)

Essentra (LON:ESNT)‘s stock had its “buy” rating reiterated by analysts at Berenberg Bank in a report issued on Friday, London Stock Exchange reports. They currently have a GBX 140 target price on the stock. Berenberg Bank‘s price target suggests a potential upside of 21.33% from the company’s previous close.

ESNT has been the subject of several other reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 140 price objective on shares of Essentra in a report on Thursday. Royal Bank Of Canada lifted their price target on Essentra from GBX 130 to GBX 140 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 130.

Essentra Trading Down 2.9%

Shares of ESNT opened at GBX 115.39 on Friday. Essentra has a fifty-two week low of GBX 78.40 and a fifty-two week high of GBX 124. The business has a 50-day moving average of GBX 110.22 and a 200 day moving average of GBX 96.01. The firm has a market cap of £326.33 million, a P/E ratio of 46.15, a price-to-earnings-growth ratio of 3.84 and a beta of 0.86. The company has a debt-to-equity ratio of 53.28, a quick ratio of 0.50 and a current ratio of 2.33.

Essentra (LON:ESNT) last released its quarterly earnings data on Tuesday, July 28th. The company reported GBX 7.20 EPS for the quarter. Essentra had a net margin of 1.71% and a return on equity of 2.02%. As a group, research analysts forecast 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.