Essentra (LON:ESNT) Earns Buy Rating from Berenberg Bank

Essentra (LON:ESNT)‘s stock had its “buy” rating reissued by Berenberg Bank in a report released on Wednesday, MarketBeat Ratings reports. They currently have a GBX 170 ($2.28) price target on the stock. Berenberg Bank’s price target would suggest a potential upside of 73.47% from the company’s previous close.

Essentra Price Performance

Shares of LON ESNT opened at GBX 98 ($1.32) on Wednesday. The stock has a fifty day simple moving average of GBX 97.27 and a two-hundred day simple moving average of GBX 119.76. Essentra has a 1-year low of GBX 88.53 ($1.19) and a 1-year high of GBX 184.09 ($2.47). The firm has a market cap of £281.69 million, a price-to-earnings ratio of 80.73, a price-to-earnings-growth ratio of 3.84 and a beta of 1.18. The company has a current ratio of 1.97, a quick ratio of 0.50 and a debt-to-equity ratio of 51.89.

Essentra (LON:ESNT) last announced its quarterly earnings data on Wednesday, March 19th. The company reported GBX 8.50 ($0.11) earnings per share for the quarter. Essentra had a return on equity of 1.28% and a net margin of 1.13%. Analysts anticipate that Essentra will post 524.137931 earnings per share for the current year.

Insider Buying and Selling at Essentra

In related news, insider Steve Good purchased 35,000 shares of the business’s stock in a transaction dated Thursday, March 20th. The stock was purchased at an average cost of GBX 109 ($1.46) per share, with a total value of £38,150 ($51,208.05). Also, insider Rowan Baker purchased 10,036 shares of the business’s stock in a transaction dated Monday, March 24th. The stock was bought at an average cost of GBX 104 ($1.40) per share, with a total value of £10,437.44 ($14,009.99). 0.99% of the stock is owned by corporate insiders.

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.