Essentra (LON:ESNT) Earns Buy Rating from Jefferies Financial Group
by Danessa Lincoln · The Markets DailyEssentra (LON:ESNT – Get Free Report)‘s stock had its “buy” rating reissued by investment analysts at Jefferies Financial Group in a note issued to investors on Thursday, Marketbeat.com reports. They currently have a GBX 140 price objective on the stock. Jefferies Financial Group‘s price objective would indicate a potential upside of 15.59% from the stock’s current price.
Other analysts also recently issued reports about the stock. Berenberg Bank lowered their price target on shares of Essentra from GBX 160 to GBX 140 and set a “buy” rating for the company in a research note on Friday, August 14th. Royal Bank Of Canada upped their price target on shares of Essentra from GBX 130 to GBX 140 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 130.
Check Out Our Latest Report on Essentra
Essentra Price Performance
Shares of ESNT stock traded up GBX 8.12 during trading hours on Thursday, hitting GBX 121.11. 1,958,413 shares of the company’s stock were exchanged, compared to its average volume of 1,633,159. The company has a market capitalization of £342.54 million, a PE ratio of 48.45, a PEG ratio of 3.84 and a beta of 0.86. The company has a current ratio of 2.33, a quick ratio of 0.50 and a debt-to-equity ratio of 53.28. Essentra has a 12-month low of GBX 78.40 and a 12-month high of GBX 124. The business’s 50 day simple moving average is GBX 109.94 and its 200-day simple moving average is GBX 95.79.
Essentra (LON:ESNT – Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The company reported GBX 7.20 earnings per share (EPS) for the quarter. Essentra had a net margin of 1.71% and a return on equity of 2.02%. On average, equities research analysts anticipate that Essentra will post 524.14 earnings per share 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.