Rowan Baker Purchases 9,477 Shares of Essentra (LON:ESNT) Stock

Essentra plc (LON:ESNT) insider Rowan Baker acquired 9,477 shares of the business’s stock in a transaction dated Friday, April 24th. The shares were bought at an average cost of GBX 84 per share, for a total transaction of £7,960.68.

Rowan Baker also recently made the following trade(s):

• On Friday, April 24th, Rowan Baker purchased 2,363 shares of Essentra stock. The shares were bought at an average price of GBX 84 per share, with a total value of £1,984.92.
• On Tuesday, March 17th, Rowan Baker purchased 10,977 shares of Essentra stock. The stock was purchased at an average cost of GBX 91 per share, with a total value of £9,989.07.

Essentra Price Performance

Shares of LON ESNT traded up GBX 1.50 during mid-day trading on Friday, reaching GBX 83.70. 610,350 shares of the company were exchanged, compared to its average volume of 2,135,223. Essentra plc has a 52 week low of GBX 81 and a 52 week high of GBX 123.80. 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 stock has a market capitalization of £238.00 million, a PE ratio of 119.57, a PEG ratio of 3.84 and a beta of 0.90. The company’s 50 day moving average price is GBX 94.86 and its 200 day moving average price is GBX 98.40.

Essentra (LON:ESNT) last issued its earnings results on Tuesday, March 17th. The company reported GBX 6.10 EPS for the quarter. Essentra had a net margin of 0.70% and a return on equity of 0.79%. Sell-side analysts forecast that Essentra plc will post 524.137931 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Essentra from GBX 150 to GBX 100 and set a “hold” rating on the stock in a research report on Monday, April 13th. Berenberg Bank restated a “buy” rating and issued a GBX 160 price objective on shares of Essentra in a research report on Thursday, March 19th. Royal Bank Of Canada reduced their price target on shares of Essentra to GBX 130 and set an “outperform” rating on the stock in a research report on Wednesday, March 18th. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 130 price objective on shares of Essentra in a research note on Wednesday, April 15th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 150.

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.