Essentra (LON:ESNT) Given “Buy” Rating at Berenberg Bank

Essentra (LON:ESNT)‘s stock had its “buy” rating reiterated by equities research analysts at Berenberg Bank in a research note issued on Wednesday,London Stock Exchange reports. They currently have a GBX 170 ($2.19) price target on the stock. Berenberg Bank’s target price would indicate a potential upside of 64.09% from the stock’s current price.

Essentra Stock Down 0.8 %

Shares of ESNT traded down GBX 0.80 ($0.01) during mid-day trading on Wednesday, hitting GBX 103.60 ($1.33). 3,525,021 shares of the company’s stock were exchanged, compared to its average volume of 2,665,744. The stock’s 50-day moving average is GBX 118.66 and its 200-day moving average is GBX 136.03. The company has a debt-to-equity ratio of 51.89, a quick ratio of 0.50 and a current ratio of 1.97. Essentra has a fifty-two week low of GBX 103 ($1.33) and a fifty-two week high of GBX 191.80 ($2.47). The company has a market cap of £297.78 million, a price-to-earnings ratio of 85.34, a P/E/G ratio of 3.84 and a beta of 1.18.

Essentra (LON:ESNT) last announced its earnings results on Wednesday, March 19th. The company reported GBX 8.50 ($0.11) earnings per share for the quarter. Essentra had a net margin of 1.13% and a return on equity of 1.28%. On average, sell-side analysts anticipate that Essentra will post 524.137931 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Rowan Baker acquired 10,036 shares of the company’s stock in a transaction on Monday, March 24th. The shares were bought at an average cost of GBX 104 ($1.34) per share, with a total value of £10,437.44 ($13,438.19). Also, insider Steve Good acquired 35,000 shares of Essentra stock in a transaction dated Thursday, March 20th. The stock was purchased at an average price of GBX 109 ($1.40) per share, for a total transaction of £38,150 ($49,118.06). 0.99% of the stock is owned by company insiders.

About Essentra