Essentra (LON:ESNT) Hits New 52-Week Low – Here’s Why

Essentra plc (LON:ESNT)’s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 82.60 and last traded at GBX 85.38, with a volume of 20562104 shares trading hands. The stock had previously closed at GBX 83.80.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Jefferies Financial Group restated a “buy” rating and set a GBX 130 target price on shares of Essentra in a research note on Wednesday. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Essentra from GBX 150 to GBX 100 and set a “hold” rating for the company in a research note on Monday. Royal Bank Of Canada lowered their target price on shares of Essentra to GBX 130 and set an “outperform” rating on the stock in a research note on Wednesday, March 18th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 160 price target on shares of Essentra in a research note on Thursday, March 19th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 150.

Essentra Stock Up 1.9%

The company has a market capitalization of £242.79 million, a PE ratio of 121.98, a PEG ratio of 3.84 and a beta of 0.90. The company’s 50 day moving average is GBX 97.10 and its two-hundred day moving average is GBX 99.31. The company has a quick ratio of 0.50, a current ratio of 2.20 and a debt-to-equity ratio of 47.67.

Essentra (LON:ESNT) last announced its quarterly 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%. On average, analysts anticipate that Essentra plc will post 524.137931 earnings per share for the current year.

Insider Transactions at Essentra

In other news, insider Rowan Baker purchased 10,977 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The stock was bought at an average cost of GBX 91 per share, with a total value of £9,989.07. Also, insider Steve Good acquired 40,000 shares of Essentra stock in a transaction on Tuesday, March 17th. The stock was purchased at an average cost of GBX 93 per share, for a total transaction of £37,200. Insiders have purchased a total of 79,354 shares of company stock valued at $7,213,799 over the last three months. Corporate insiders own 0.48% of the company’s stock.

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.