Essentra (LON:ESNT) Price Target Cut to GBX 150 by Analysts at Deutsche Bank Aktiengesellschaft

Essentra (LON:ESNT) had its target price reduced by research analysts at Deutsche Bank Aktiengesellschaft from GBX 165 to GBX 150 in a research note issued on Thursday, MarketBeat Ratings reports. The firm presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 46.61% from the stock’s current price.

Several other equities research analysts also recently weighed in on ESNT. Jefferies Financial Group decreased their price objective on Essentra from GBX 170 to GBX 150 and set a “buy” rating for the company in a report on Monday, November 10th. Berenberg Bank reiterated a “buy” rating and issued a GBX 160 price target on shares of Essentra in a research report on Thursday. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of GBX 172.50.

Essentra Stock Performance

Shares of Essentra stock traded up GBX 5.12 on Thursday, hitting GBX 102.32. The stock had a trading volume of 2,689,121 shares, compared to its average volume of 1,388,506. The stock has a market cap of £291.64 million, a price-to-earnings ratio of 31.00, a P/E/G ratio of 3.84 and a beta of 1.18. The company has a current ratio of 1.97, a quick ratio of 0.50 and a debt-to-equity ratio of 51.89. Essentra has a 52-week low of GBX 88.53 and a 52-week high of GBX 127.60. The company’s 50 day moving average price is GBX 96.03 and its 200 day moving average price is GBX 101.62.

About Essentra

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.