Essentra’s (ESNT) Buy Rating Reiterated at Berenberg Bank

Essentra (LON:ESNT)‘s stock had its “buy” rating reiterated by investment analysts at Berenberg Bank in a research note issued on Friday, London Stock Exchange reports. They currently have a GBX 140 target price on the stock. Berenberg Bank‘s price objective indicates a potential upside of 20.69% from the stock’s previous close.

A number of other analysts have also issued reports on the stock. Royal Bank Of Canada upped their price target on shares of Essentra from GBX 130 to GBX 140 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 140 price target on shares of Essentra in a research note on Thursday. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 130.

Essentra Price Performance

ESNT opened at GBX 116 on Friday. The business has a fifty day moving average of GBX 110.22 and a 200 day moving average of GBX 96.01. Essentra has a 52-week low of GBX 78.40 and a 52-week high of GBX 124. The company has a quick ratio of 0.50, a current ratio of 2.33 and a debt-to-equity ratio of 53.28. The stock has a market cap of £328.07 million, a P/E ratio of 46.40, a PEG ratio of 3.84 and a beta of 0.86.

Essentra (LON:ESNT) last announced its quarterly earnings data on Tuesday, July 28th. The company reported GBX 7.20 EPS for the quarter. Essentra had a return on equity of 2.02% and a net margin of 1.71%. As a group, sell-side analysts anticipate that Essentra will post 524.14 EPS for the current year.

Essentra Company Profile

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.