Essentra (LON:ESNT) Reaches New 52-Week High – Still a Buy?

Essentra plc (LON:ESNT) reached a new 52-week high during trading on Monday . The stock traded as high as GBX 114.40 and last traded at GBX 111.80, with a volume of 366354 shares. The stock had previously closed at GBX 114.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Royal Bank Of Canada upped their price objective on shares of Essentra from GBX 130 to GBX 140 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 130 target price on shares of Essentra in a research note on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 100 target price on shares of Essentra in a report on Thursday, May 21st. Three 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 price target of GBX 132.50.

Essentra Price Performance

The stock has a 50-day simple moving average of GBX 89.03 and a 200 day simple moving average of GBX 92.14. The company has a market cap of £316.91 million, a PE ratio of 44.72, a P/E/G ratio of 3.84 and a beta of 0.83. The company has a quick ratio of 0.50, a current ratio of 2.33 and a debt-to-equity ratio of 53.28.

Essentra (LON:ESNT) last released its quarterly earnings results on Tuesday, July 28th. The company reported GBX 7.20 earnings per share for the quarter. Essentra had a return on equity of 2.02% and a net margin of 1.71%. Equities analysts expect that Essentra plc will post 524.137931 EPS for the current year.

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.