Essentra (LON:ESNT) Reaches New 1-Year Low – What’s Next?

Essentra plc (LON:ESNT)’s share price reached a new 52-week low on Tuesday . The company traded as low as GBX 78.40 and last traded at GBX 80, with a volume of 5563579 shares trading hands. The stock had previously closed at GBX 80.50.

Wall Street Analysts Forecast Growth

ESNT has been the subject of several analyst reports. Royal Bank Of Canada lowered their price objective on Essentra to GBX 130 and set an “outperform” rating for the company in a research report on Wednesday, March 18th. Berenberg Bank reissued a “buy” rating and set a GBX 160 target price on shares of Essentra in a research report on Thursday, March 19th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 100 target price on shares of Essentra in a research note on Thursday, May 21st. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 130 price target on shares of Essentra in a report on Wednesday, May 20th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 150.

Essentra Trading Down 0.6%

The stock has a market capitalization of £224.16 million, a PE ratio of 114.29, a PEG ratio of 3.84 and a beta of 0.82. The company has a quick ratio of 0.50, a current ratio of 2.20 and a debt-to-equity ratio of 47.67. The business’s 50-day moving average is GBX 83.80 and its two-hundred day moving average is GBX 92.99.

Insider Transactions at Essentra

In other news, insider Scott Fawcett bought 17,483 shares of Essentra stock in a transaction dated Wednesday, April 15th. The stock was acquired at an average cost of GBX 86 per share, with a total value of £15,035.38. Also, insider Rowan Baker bought 9,477 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The stock was purchased at an average cost of GBX 84 per share, with a total value of £7,960.68. Insiders have bought 29,323 shares of company stock worth $2,498,098 in the last quarter. Insiders own 0.48% of the company’s stock.

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 27 countries worldwide and includes c.3,000 employees, 14 manufacturing facilities, 25 distribution centres and 35 sales & service centres serving c.76,000 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.