Essentra (LON:ESNT) Receives Buy Rating from Jefferies Financial Group

Essentra (LON:ESNT)‘s stock had its “buy” rating reissued by research analysts at Jefferies Financial Group in a research report issued to clients and investors on Wednesday,London Stock Exchange reports. They currently have a GBX 130 price target on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 55.69% from the stock’s previous close.

Several other equities analysts have also recently issued reports on the company. Deutsche Bank Aktiengesellschaft dropped their price target on 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 reiterated a “buy” rating and issued a GBX 160 target price on shares of Essentra in a research note on Thursday, March 19th. Finally, Royal Bank Of Canada dropped their target price on Essentra to GBX 130 and set an “outperform” rating on the stock in a report on Wednesday, March 18th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 150.

Essentra Stock Up 1.8%

Shares of LON:ESNT opened at GBX 83.50 on Wednesday. Essentra has a 1-year low of GBX 79.60 and a 1-year high of GBX 123.80. The company has a debt-to-equity ratio of 47.67, a current ratio of 2.20 and a quick ratio of 0.50. The stock has a market cap of £237.07 million, a P/E ratio of 119.29, a P/E/G ratio of 3.84 and a beta of 0.80. The firm has a fifty day moving average price of GBX 87.88 and a 200 day moving average price of GBX 95.20.

Essentra (LON:ESNT) last posted its quarterly earnings data 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 predict that Essentra will post 524.137931 EPS for the current year.

Insider Activity

In other news, insider Kath Durrant purchased 10,894 shares of the company’s stock in a transaction dated Tuesday, March 17th. The shares were acquired at an average cost of GBX 91 per share, for a total transaction of £9,913.54. Also, insider Steve Good purchased 40,000 shares of the company’s stock in a transaction dated Tuesday, March 17th. The shares were purchased at an average price of GBX 93 per share, for a total transaction of £37,200. Insiders acquired 91,194 shares of company stock worth $8,208,359 in the last ninety days. 0.48% of the stock is currently owned by insiders.

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.