Essentra (LON:ESNT) Receives Buy Rating from Deutsche Bank
Essentra (LON:ESNT)‘s stock had its “buy” rating reaffirmed by analysts at Deutsche Bank in a research report issued on Wednesday, Digital Look reports. They presently have a GBX 430 ($5.62) target price on the stock, up from their previous target price of GBX 420 ($5.49). Deutsche Bank’s target price points to a potential upside of 4.83% from the stock’s current price.
ESNT has been the topic of a number of other reports. Numis Securities reaffirmed a “buy” rating and set a GBX 505 ($6.60) price objective (up from GBX 485 ($6.34)) on shares of Essentra in a research note on Friday, May 10th. Peel Hunt reaffirmed a “buy” rating on shares of Essentra in a research note on Friday, March 1st. Finally, Stifel Nicolaus cut Essentra to a “hold” rating in a research note on Tuesday, May 7th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Essentra presently has a consensus rating of “Buy” and an average target price of GBX 478.33 ($6.25).
Shares of LON:ESNT opened at GBX 410.20 ($5.36) on Wednesday. Essentra has a 12-month low of GBX 324.80 ($4.24) and a 12-month high of GBX 517 ($6.76). The stock has a market cap of $1.08 billion and a PE ratio of 44.59. The company has a current ratio of 1.67, a quick ratio of 0.98 and a debt-to-equity ratio of 51.52.
Essentra Company Profile
Essentra plc manufactures and sells specialist plastic, fiber, foam, and packaging products worldwide. It operates through four divisions: Component, Packaging, Filter Products, and Specialist Components. The Component division offers plastic injection molded, vinyl dip-molded, and metal items for equipment manufacturing, automotive, fabrication, electronics, and construction industries; and component solutions for protection and finishing purposes.
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