Essentra (LON:ESNT) Hits New 52-Week High – Should You Buy?

Essentra plc (LON:ESNT)’s share price hit a new 52-week high during mid-day trading on Friday. The company traded as high as GBX 117.80 and last traded at GBX 115, with a volume of 1098124 shares traded. The stock had previously closed at GBX 111.40.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Royal Bank Of Canada upped their target price on Essentra from GBX 130 to GBX 140 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Berenberg Bank reduced their price target on Essentra from GBX 160 to GBX 140 and set a “buy” rating on the stock in a research report on Friday, August 14th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 130 price target on shares of Essentra in a report on Wednesday, July 29th. Three 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.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 127.50.

Essentra Price Performance

The firm has a fifty day moving average price of GBX 108.92 and a two-hundred day moving average price of GBX 94.28. The stock has a market capitalization of £325.24 million, a P/E ratio of 46.00, 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 announced its quarterly earnings results on Tuesday, July 28th. The company reported GBX 7.20 earnings per share for the quarter. Essentra had a net margin of 1.71% and a return on equity of 2.02%. On average, analysts expect that Essentra plc will post 524.137931 EPS for the current year.

Essentra Company Profile

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.