Essentra’s (ESNT) Buy Rating Reiterated at Jefferies Financial Group

Essentra (LON:ESNT)‘s stock had its “buy” rating reiterated by Jefferies Financial Group in a research report issued on Thursday, Marketbeat reports. They presently have a GBX 140 price target on the stock. Jefferies Financial Group‘s price objective suggests a potential upside of 21.53% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. Berenberg Bank decreased their price objective on shares of Essentra from GBX 160 to GBX 140 and set a “buy” rating for the company in a report on Friday, August 14th. Royal Bank Of Canada increased their target price on shares of Essentra from GBX 130 to GBX 140 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Essentra has an average rating of “Moderate Buy” and a consensus target price of GBX 130.

Essentra Stock Down 3.0%

ESNT traded down GBX 3.60 on Thursday, reaching GBX 115.20. The company’s stock had a trading volume of 10,466,938 shares, compared to its average volume of 1,676,261. Essentra has a 1 year low of GBX 78.40 and a 1 year high of GBX 124. The business’s 50 day moving average is GBX 110.22 and its 200 day moving average is GBX 96.01. The company has a debt-to-equity ratio of 53.28, a current ratio of 2.33 and a quick ratio of 0.50. The stock has a market cap of £325.81 million, a price-to-earnings ratio of 46.08, a price-to-earnings-growth ratio of 3.84 and a beta of 0.86.

Essentra (LON:ESNT) last posted its quarterly earnings data on Tuesday, July 28th. The company reported GBX 7.20 earnings per share (EPS) for the quarter. Essentra had a return on equity of 2.02% and a net margin of 1.71%. As a group, research analysts forecast that Essentra will post 524.14 EPS for the current fiscal 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.