Essentra (LON:ESNT) Reaches New 12-Month High – Here’s Why

Shares of Essentra plc (LON:ESNT) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 114.40 and last traded at GBX 111.80, with a volume of 366354 shares. The stock had previously closed at GBX 114.

Wall Street Analyst Weigh In

A number of brokerages have commented on ESNT. Jefferies Financial Group reissued a “buy” rating and set a GBX 130 target price on shares of Essentra in a report on Wednesday, July 29th. Royal Bank Of Canada lifted their price target on Essentra from GBX 130 to GBX 140 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 100 price target on shares of Essentra in a research report on Thursday, May 21st. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 132.50.

Essentra Stock Performance

The company has a market cap of £316.91 million, a PE ratio of 44.72, a PEG ratio of 3.84 and a beta of 0.83. The company has a debt-to-equity ratio of 53.28, a quick ratio of 0.50 and a current ratio of 2.33. The firm’s 50 day moving average is GBX 89.03 and its 200-day moving average is GBX 92.14.

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

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 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.