Essentra (LON:ESNT) Stock Rating Reaffirmed as Buy by Jefferies Financial Group

Essentra (LON:ESNT)‘s stock had its “buy” rating restated by Jefferies Financial Group in a research report issued to clients and investors on Thursday, London Stock Exchange reports. They presently have a GBX 140 price objective on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 16.67% from the company’s current price.

A number of other analysts have also recently issued reports on ESNT. Berenberg Bank cut their price objective on Essentra from GBX 160 to GBX 140 and set a “buy” rating for the company in a research report on Friday, August 14th. Royal Bank Of Canada boosted their target price on Essentra from GBX 130 to GBX 140 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 130.

Essentra Stock Performance

Shares of ESNT stock traded up GBX 7 on Thursday, reaching GBX 120. The stock had a trading volume of 9,045,440 shares, compared to its average volume of 1,667,899. Essentra has a 12 month low of GBX 78.40 and a 12 month high of GBX 124. The firm has a market capitalization of £339.38 million, a price-to-earnings ratio of 48.00, a P/E/G ratio of 3.84 and a beta of 0.86. The firm’s 50-day moving average is GBX 109.94 and its two-hundred day moving average is GBX 95.79. The company has a quick ratio of 0.50, a current ratio of 2.33 and a debt-to-equity ratio of 53.28.

Essentra (LON:ESNT) last posted its quarterly earnings results on Tuesday, July 28th. The company reported GBX 7.20 EPS for the quarter. Essentra had a return on equity of 2.02% and a net margin of 1.71%. On average, research analysts expect 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.