Essentra (LON:ESNT) Reaches New 12-Month Low – Here’s What Happened

Essentra plc (LON:ESNT)’s share price reached a new 52-week low during trading on Monday . The company traded as low as GBX 88.38 and last traded at GBX 94.80, with a volume of 1209223 shares. The stock had previously closed at GBX 91.90.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft lowered their target price on Essentra from GBX 165 to GBX 150 and set a “buy” rating on the stock in a research report on Thursday, January 15th. Berenberg Bank restated a “buy” rating and issued a GBX 160 price target on shares of Essentra in a research note on Thursday, March 19th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Essentra in a research report on Friday, March 20th. Finally, Royal Bank Of Canada dropped their price objective on Essentra to GBX 130 and set an “outperform” rating on the stock in a research note on Wednesday, March 18th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Essentra currently has an average rating of “Buy” and a consensus target price of GBX 164.

Essentra Trading Up 2.0%

The business’s 50 day simple moving average is GBX 101.60 and its 200 day simple moving average is GBX 100.55. The stock has a market cap of £267.60 million, a price-to-earnings ratio of 28.47, a PEG ratio of 3.84 and a beta of 0.86. The company has a quick ratio of 0.50, a current ratio of 2.20 and a debt-to-equity ratio of 47.67.

Essentra (LON:ESNT) last released its quarterly earnings data on Tuesday, March 17th. The company reported GBX 6.10 earnings per share for the quarter. Essentra had a net margin of 0.70% and a return on equity of 0.79%. On average, research analysts expect that Essentra plc will post 524.137931 EPS for the current fiscal year.

Insiders Place Their Bets

In other Essentra news, insider Rowan Baker acquired 10,977 shares of the business’s stock in a transaction dated Tuesday, March 17th. The stock was bought at an average cost of GBX 91 per share, with a total value of £9,989.07. Also, insider Kath Durrant acquired 10,894 shares of the business’s stock in a transaction dated Tuesday, March 17th. The stock was acquired at an average cost of GBX 91 per share, with a total value of £9,913.54. Insiders have acquired a total of 61,871 shares of company stock valued at $5,710,261 over the last 90 days. 0.48% of the stock is currently owned by insiders.

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.