Essentra (LON:ESNT) Reaches New 52-Week Low – Should You Sell?

Essentra plc (LON:ESNT)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 87.90 and last traded at GBX 89.27, with a volume of 749704 shares changing hands. The stock had previously closed at GBX 90.34.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ESNT. Deutsche Bank Aktiengesellschaft decreased their price target on Essentra from GBX 165 to GBX 150 and set a “buy” rating on the stock in a research note on Thursday, January 15th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Essentra in a report on Friday, March 20th. Royal Bank Of Canada decreased their target price on Essentra to GBX 130 and set an “outperform” rating on the stock in a research report on Wednesday, March 18th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 160 target price on shares of Essentra in a report on Thursday, March 19th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of GBX 164.

Essentra Stock Down 1.2%

The firm’s fifty day simple moving average is GBX 101.14 and its 200-day simple moving average is GBX 100.44. The company has a market cap of £254.26 million, a PE ratio of 27.05, a P/E/G ratio of 3.84 and a beta of 0.86. The company has a quick ratio of 0.50, a current ratio of 2.20 and a debt-to-equity ratio of 47.67.

Essentra (LON:ESNT) last issued its quarterly earnings data on Tuesday, March 17th. The company reported GBX 6.10 earnings per share for the quarter. Essentra had a net margin of 0.70% and a return on equity of 0.79%. As a group, equities research analysts expect that Essentra plc will post 524.137931 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Rowan Baker purchased 10,977 shares of the company’s stock in a transaction on Tuesday, March 17th. The stock was bought at an average price of GBX 91 per share, with a total value of £9,989.07. Also, insider Kath Durrant purchased 10,894 shares of the business’s stock in a transaction dated Tuesday, March 17th. The stock was bought at an average cost of GBX 91 per share, with a total value of £9,913.54. Over the last 90 days, insiders purchased 61,871 shares of company stock valued at $5,710,261. Corporate insiders own 0.48% of the company’s stock.

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 28 countries worldwide and includes c.3,000 employees, 14 manufacturing facilities, 26 distribution centres and 37 sales & service centres serving c.64,000 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.