Essentra (LON:ESNT) Given New GBX 140 Price Target at Berenberg Bank

Essentra (LON:ESNT) had its target price lowered by Berenberg Bank from GBX 160 to GBX 140 in a report issued on Friday morning, MarketBeat Ratings reports. Berenberg Bank currently has a buy rating on the stock.

Other analysts have also recently issued reports about the company. Royal Bank Of Canada boosted their price target on Essentra from GBX 130 to GBX 140 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 100 target price on shares of Essentra in a research report on Thursday, May 21st. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 130 target price on shares of Essentra in a 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’s stock. According to MarketBeat, Essentra has a consensus rating of “Moderate Buy” and a consensus price target of GBX 127.50.

Essentra Stock Performance

LON ESNT opened at GBX 106.20 on Friday. Essentra has a 52-week low of GBX 78.40 and a 52-week high of GBX 115. The stock has a market cap of £301.04 million, a PE ratio of 42.48, a P/E/G ratio of 3.84 and a beta of 0.86. The firm has a 50-day moving average of GBX 91.48 and a 200-day moving average of GBX 92.36. The company has a debt-to-equity ratio of 53.28, a quick ratio of 0.50 and a current ratio of 2.33.

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 net margin of 1.71% and a return on equity of 2.02%. On average, sell-side analysts anticipate that Essentra will post 524.137931 EPS for the current year.

Essentra Company Profile

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.