Royal Bank Of Canada Issues Pessimistic Forecast for Essentra (LON:ESNT) Stock Price

Essentra (LON:ESNT) had its price target cut by analysts at Royal Bank Of Canada from GBX 155 to GBX 130 in a research note issued to investors on Tuesday, Marketbeat.com reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 26.46% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. Berenberg Bank reissued a “buy” rating and set a GBX 160 price target on shares of Essentra in a research report on Thursday, January 15th. Deutsche Bank Aktiengesellschaft lowered their target price on Essentra from GBX 165 to GBX 150 and set a “buy” rating on the stock in a research report on Thursday, January 15th. Finally, Jefferies Financial Group decreased their price target on Essentra from GBX 170 to GBX 150 and set a “buy” rating for the company in a research note on Monday, November 10th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 164.

Essentra Stock Down 0.6%

Shares of LON ESNT traded down GBX 0.60 during midday trading on Tuesday, reaching GBX 102.80. The company’s stock had a trading volume of 622,320 shares, compared to its average volume of 1,558,024. The stock has a 50 day simple moving average of GBX 97.74 and a 200-day simple moving average of GBX 101.25. The company has a current ratio of 1.97, a quick ratio of 0.50 and a debt-to-equity ratio of 51.89. The stock has a market capitalization of £293.02 million, a price-to-earnings ratio of 31.15, a PEG ratio of 3.84 and a beta of 1.18. Essentra has a fifty-two week low of GBX 88.53 and a fifty-two week high of GBX 127.60.

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.