Insider Buying: Essentra PLC (LON:ESNT) Insider Buys 20,000 Shares of Stock
Essentra PLC (LON:ESNT) insider Paul Forman bought 20,000 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The stock was bought at an average price of GBX 522 ($6.80) per share, for a total transaction of £104,400 ($135,955.20).
Paul Forman also recently made the following trade(s):
- On Tuesday, August 1st, Paul Forman bought 15,000 shares of Essentra PLC stock. The stock was bought at an average price of GBX 541 ($7.05) per share, for a total transaction of £81,150 ($105,677.82).
Essentra PLC (LON:ESNT) traded down 0.67% on Thursday, reaching GBX 518.00. 483,459 shares of the company’s stock traded hands. The stock’s market cap is GBX 1.35 billion. The stock has a 50 day moving average price of GBX 553.08 and a 200 day moving average price of GBX 529.19. Essentra PLC has a 12-month low of GBX 366.70 and a 12-month high of GBX 588.00.
The firm also recently disclosed a dividend, which will be paid on Monday, October 30th. Stockholders of record on Thursday, September 28th will be issued a GBX 6.30 ($0.08) dividend. This represents a dividend yield of 1.17%. The ex-dividend date of this dividend is Thursday, September 28th.
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Several equities research analysts recently issued reports on ESNT shares. Citigroup Inc. cut shares of Essentra PLC to a “sell” rating and raised their target price for the stock from GBX 430 ($5.60) to GBX 440 ($5.73) in a report on Friday, April 21st. Deutsche Bank AG restated a “buy” rating and issued a GBX 600 ($7.81) target price on shares of Essentra PLC in a report on Monday, June 19th. Numis Securities Ltd restated an “add” rating and issued a GBX 565 ($7.36) target price on shares of Essentra PLC in a report on Friday, April 21st. Finally, Peel Hunt began coverage on shares of Essentra PLC in a report on Tuesday, July 25th. They issued an “add” rating and a GBX 585 ($7.62) target price on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 531.40 ($6.92).
Essentra PLC Company Profile
Essentra plc is a supplier of plastic, fiber, foam and packaging products. The Company operates through three segments. The Component Solutions segment includes the components, pipe protection technologies (PPT), extrusion and security businesses. The Health & Personal Care Packaging segment includes specialty tapes business and is a global provider of packaging and authentication solutions to a diversified customer base in the health & personal care, consumer and specialist packaging sectors, and to the paper and board industries.
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