Essentra (LON:ESNT) Price Target Lowered to GBX 130 at Royal Bank Of Canada

Essentra (LON:ESNT) had its target price decreased by analysts at Royal Bank Of Canada from GBX 155 to GBX 130 in a research note issued on Tuesday, Marketbeat reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 26.46% from the company’s current price.

A number of other equities analysts have also commented on ESNT. Jefferies Financial Group lowered their price objective on Essentra from GBX 170 to GBX 150 and set a “buy” rating on the stock in a research note on Monday, November 10th. Deutsche Bank Aktiengesellschaft decreased their price target on Essentra from GBX 165 to GBX 150 and set a “buy” rating on the stock in a research report on Thursday, January 15th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 160 price target on shares of Essentra in a research note on Thursday, January 15th. Five research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average target price of GBX 164.

Essentra Stock Performance

Shares of ESNT traded down GBX 0.60 during mid-day trading on Tuesday, hitting GBX 102.80. 622,320 shares of the company’s stock were exchanged, compared to its average volume of 1,558,024. The company has a quick ratio of 0.50, a current ratio of 1.97 and a debt-to-equity ratio of 51.89. Essentra has a 52 week low of GBX 88.53 and a 52 week high of GBX 127.60. The stock’s 50-day simple moving average is GBX 97.74 and its 200-day simple moving average is GBX 101.25. The firm has a market cap of £293.02 million, a price-to-earnings ratio of 31.15, a price-to-earnings-growth ratio of 3.84 and a beta of 1.18.

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 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.