Essentra (LON:ESNT) Shares Up 12.1% – Here’s What Happened

Essentra plc (LON:ESNT) shares traded up 12.1% during mid-day trading on Tuesday . The company traded as high as GBX 114.60 and last traded at GBX 108.20. Approximately 2,951,495 shares changed hands during trading, an increase of 47% from the average session volume of 2,008,671 shares. The stock had previously closed at GBX 96.50.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Jefferies Financial Group reissued a “buy” rating and set a GBX 130 price target on shares of Essentra in a research report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 100 target price on shares of Essentra in a research report on Thursday, May 21st. Four 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 currently has an average rating of “Moderate Buy” and a consensus price target of GBX 150.

Essentra Stock Up 12.1%

The company has a current ratio of 2.20, a quick ratio of 0.50 and a debt-to-equity ratio of 47.67. The stock has a 50-day simple moving average of GBX 85.13 and a 200-day simple moving average of GBX 91.43. The company has a market cap of £306.70 million, a price-to-earnings ratio of 154.57, a price-to-earnings-growth ratio of 3.84 and a beta of 0.83.

Essentra (LON:ESNT) last released its earnings results on Tuesday, July 28th. The company reported GBX 1.30 EPS for the quarter. Essentra had a net margin of 0.70% and a return on equity of 0.79%. As a group, analysts predict that Essentra plc 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.