Essentra (LON:ESNT) Reaches New 12-Month Low – Here’s What Happened

Essentra plc (LON:ESNT)’s stock price reached a new 52-week low during trading on Tuesday . The stock traded as low as GBX 78.40 and last traded at GBX 80, with a volume of 5563579 shares changing hands. The stock had previously closed at GBX 80.50.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ESNT. Berenberg Bank reissued a “buy” rating and set a GBX 160 price objective on shares of Essentra in a research note on Thursday, March 19th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 130 target price on shares of Essentra in a research note on Wednesday, May 20th. Royal Bank Of Canada reduced their price target on Essentra to GBX 130 and set an “outperform” rating on the stock in a report on Wednesday, March 18th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 100 price target on shares of Essentra in a research report on Thursday, May 21st. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 150.

Essentra Stock Performance

The firm’s fifty day moving average is GBX 83.80 and its 200-day moving average is GBX 92.99. The company has a current ratio of 2.20, a quick ratio of 0.50 and a debt-to-equity ratio of 47.67. The stock has a market capitalization of £224.16 million, a PE ratio of 114.29, a price-to-earnings-growth ratio of 3.84 and a beta of 0.82.

Insiders Place Their Bets

In other news, insider Rowan Baker acquired 9,477 shares of the company’s stock in a transaction on Friday, April 24th. The shares were bought at an average cost of GBX 84 per share, with a total value of £7,960.68. Also, insider Scott Fawcett sold 21,279 shares of the stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of GBX 90, for a total transaction of £19,151.10. Over the last quarter, insiders purchased 29,323 shares of company stock valued at $2,498,098. 0.48% of the stock is currently owned by company 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 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.