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

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

Wall Street Analyst Weigh In

A number of research firms have commented on ESNT. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 100 price objective on shares of Essentra in a report on Thursday, May 21st. Berenberg Bank reaffirmed a “buy” rating and set a GBX 160 price objective on shares of Essentra in a research report on Thursday, March 19th. Royal Bank Of Canada cut their target price on shares of Essentra to GBX 130 and set an “outperform” rating on the stock in a report on Wednesday, March 18th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 130 target price 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 150.

Essentra Price Performance

The firm has a fifty day simple moving average of GBX 83.64 and a 200 day simple moving average of GBX 92.75. The company has a market capitalization of £230.48 million, a PE ratio of 117.51, a P/E/G ratio of 3.84 and a beta of 0.82. The company has a debt-to-equity ratio of 47.67, a quick ratio of 0.50 and a current ratio of 2.20.

Insider Transactions at Essentra

In other Essentra news, insider Rowan Baker acquired 9,477 shares of the stock in a transaction on Friday, April 24th. The shares were bought at an average price of GBX 84 per share, with a total value of £7,960.68. Also, insider Scott Fawcett purchased 17,483 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The stock was acquired at an average price of GBX 86 per share, for a total transaction of £15,035.38. Over the last three months, insiders purchased 29,323 shares of company stock valued at $2,498,098. 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 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.