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

Shares of Essentra plc (LON:ESNT) hit a new 52-week low during trading on Monday . The company traded as low as GBX 79.60 and last traded at GBX 81.50, with a volume of 533506 shares traded. The stock had previously closed at GBX 81.49.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Jefferies Financial Group reiterated a “buy” rating and set a GBX 130 target price on shares of Essentra in a research note on Wednesday. Berenberg Bank reiterated a “buy” rating and set a GBX 160 target price on shares of Essentra in a research note on Thursday, March 19th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Essentra from GBX 150 to GBX 100 and set a “hold” rating for the company in a research note on Monday, April 13th. Finally, Royal Bank Of Canada lowered their target price on shares of Essentra to GBX 130 and set an “outperform” rating for the company in a research note on Wednesday, March 18th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Essentra has an average rating of “Moderate Buy” and an average target price of GBX 150.

Essentra Trading Up 6.0%

The stock has a market capitalization of £246.72 million, a PE ratio of 124.14, a PEG ratio of 3.84 and a beta of 0.80. The company has a quick ratio of 0.50, a current ratio of 2.20 and a debt-to-equity ratio of 47.67. The business’s 50-day moving average is GBX 87.88 and its two-hundred day moving average is GBX 95.20.

Essentra (LON:ESNT) last announced its quarterly earnings results 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%. On average, analysts anticipate that Essentra plc will post 524.137931 earnings per share for the current fiscal year.

Insider Activity at Essentra

In related news, insider Rowan Baker purchased 9,477 shares of Essentra stock in a transaction that occurred on Friday, April 24th. The stock was purchased at an average cost of GBX 84 per share, with a total value of £7,960.68. Also, insider Scott Fawcett purchased 17,483 shares of Essentra stock in a transaction that occurred on Wednesday, April 15th. The stock was bought at an average cost of GBX 86 per share, with a total value of £15,035.38. Insiders bought 91,194 shares of company stock valued at $8,208,359 in the last ninety days. 0.48% of the stock is currently owned by insiders.

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.