Essentra (LON:ESNT) Earns Buy Rating from Berenberg Bank

Essentra (LON:ESNT)‘s stock had its “buy” rating reiterated by equities research analysts at Berenberg Bank in a report released on Friday, MarketBeat Ratings reports. They presently have a GBX 140 price objective on the stock. Berenberg Bank‘s target price points to a potential upside of 21.53% from the company’s current price.

A number of other brokerages have also weighed in on ESNT. Royal Bank Of Canada boosted their price objective on shares of Essentra from GBX 130 to GBX 140 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Jefferies Financial Group restated a “buy” rating and issued a GBX 140 target price on shares of Essentra in a report on Thursday. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 130.

Essentra Stock Down 1.0%

Essentra stock opened at GBX 115.20 on Friday. Essentra has a twelve month low of GBX 78.40 and a twelve month high of GBX 124. The firm has a 50 day moving average price of GBX 110.40 and a 200-day moving average price of GBX 96.18. The company has a market capitalization of £325.81 million, a P/E ratio of 46.08, 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 2.33 and a debt-to-equity ratio of 53.28.

Essentra (LON:ESNT) last released its quarterly earnings data on Tuesday, July 28th. The company reported GBX 7.20 EPS for the quarter. Essentra had a net margin of 1.71% and a return on equity of 2.02%. As a group, equities analysts predict that Essentra will post 524.14 EPS for the current year.

About Essentra

Essentra plc is a leading global manufacturer and supplier 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, 16 manufacturing facilities, 27 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.