Essentra (LON:ESNT) Price Target Lowered to GBX 140 at Berenberg Bank

Essentra (LON:ESNT) had its price target reduced by equities researchers at Berenberg Bank from GBX 160 to GBX 140 in a research report issued to clients and investors on Friday,London Stock Exchange reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price objective would indicate a potential upside of 31.33% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. Royal Bank Of Canada boosted their price objective on shares of Essentra from GBX 130 to GBX 140 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 100 target price on shares of Essentra in a research report on Thursday, May 21st. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 130 target price on shares of Essentra in a report on Wednesday, July 29th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 127.50.

Essentra Trading Down 0.7%

Shares of ESNT stock opened at GBX 106.60 on Friday. The firm’s 50-day simple moving average is GBX 91.02 and its 200-day simple moving average is GBX 92.26. The company has a debt-to-equity ratio of 53.28, a current ratio of 2.33 and a quick ratio of 0.50. Essentra has a 1-year low of GBX 78.40 and a 1-year high of GBX 115. The firm has a market cap of £302.17 million, a P/E ratio of 42.64, a PEG ratio of 3.84 and a beta of 0.86.

Essentra (LON:ESNT) last released its earnings results on Tuesday, July 28th. The company reported GBX 7.20 earnings per share (EPS) for the quarter. Essentra had a net margin of 1.71% and a return on equity of 2.02%. As a group, equities analysts forecast that Essentra will post 524.137931 EPS for the current year.

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 27 countries worldwide and includes c.3,000 employees, 14 manufacturing facilities, 25 distribution centres and 35 sales & service centres serving c.76,000 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.