Berenberg Bank Has Lowered Expectations for Essentra (LON:ESNT) Stock Price

Essentra (LON:ESNT) had its price target reduced by Berenberg Bank from GBX 160 to GBX 140 in a note issued to investors on Friday,London Stock Exchange reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s target price suggests a potential upside of 31.33% from the stock’s current price.

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

Essentra Trading Down 0.7%

LON:ESNT opened at GBX 106.60 on Friday. The business’s 50-day moving average is GBX 91.02 and its two-hundred day 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 12 month low of GBX 78.40 and a 12 month high of GBX 115. The firm has a market capitalization of £302.17 million, a PE ratio of 42.64, a price-to-earnings-growth ratio of 3.84 and a beta of 0.86.

Essentra (LON:ESNT) last issued its quarterly earnings data 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%. Research analysts predict that Essentra 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.