Essentra’s (ESNT) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Essentra (LON:ESNT) in a research report report published on Friday, MarketBeat reports. Berenberg Bank currently has a GBX 140 price target on the stock.

Other analysts have also issued research reports about the company. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 140 price objective on shares of Essentra in a research note on Thursday. Royal Bank Of Canada lifted their price objective on Essentra from GBX 130 to GBX 140 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 130.

Essentra Price Performance

Shares of ESNT opened at GBX 115.20 on Friday. Essentra has a 1-year low of GBX 78.40 and a 1-year high of GBX 124. The company has a debt-to-equity ratio of 53.28, a current ratio of 2.33 and a quick ratio of 0.50. The firm has a 50-day simple moving average of GBX 110.40 and a two-hundred day simple moving average of GBX 96.18. The stock has a market cap of £325.81 million, a PE ratio of 46.08, a P/E/G ratio of 3.84 and a beta of 0.86.

Essentra (LON:ESNT) last announced its earnings results on Tuesday, July 28th. The company reported GBX 7.20 EPS for the quarter. Essentra had a return on equity of 2.02% and a net margin of 1.71%. As a group, analysts forecast 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.