Essentra (LON:ESNT) Given “Buy” Rating at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Essentra (LON:ESNT) in a report published on Thursday morning, MarketBeat Ratings reports. The brokerage currently has a GBX 160 target price on the stock.

ESNT has been the subject of several other reports. Deutsche Bank Aktiengesellschaft reduced their target price on Essentra from GBX 165 to GBX 150 and set a “buy” rating for the company in a research report on Thursday, January 15th. Royal Bank Of Canada lowered their price target on shares of Essentra to GBX 130 and set an “outperform” rating on the stock in a report on Wednesday. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Essentra currently has a consensus rating of “Buy” and an average price target of GBX 164.

Essentra Price Performance

Shares of ESNT stock opened at GBX 93.50 on Thursday. The stock has a 50 day moving average of GBX 101.71 and a two-hundred day moving average of GBX 100.65. The company has a current ratio of 2.20, a quick ratio of 0.50 and a debt-to-equity ratio of 47.67. Essentra has a 12 month low of GBX 88.53 and a 12 month high of GBX 123.80. The company has a market capitalization of £266.31 million, a P/E ratio of 28.33, a P/E/G ratio of 3.84 and a beta of 0.86.

Essentra (LON:ESNT) last announced its quarterly earnings data on Tuesday, March 17th. The company reported GBX 6.10 earnings per share for the quarter. Essentra had a return on equity of 0.79% and a net margin of 0.70%. As a group, equities analysts expect that Essentra will post 524.137931 EPS for the current year.

Insider Activity

In related news, insider Steve Good bought 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was acquired at an average price of GBX 93 per share, for a total transaction of £37,200. Also, insider Rowan Baker purchased 10,977 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The stock was bought at an average cost of GBX 91 per share, for a total transaction of £9,989.07. In the last ninety days, insiders have purchased 61,871 shares of company stock worth $5,710,261. Company insiders own 0.48% of the company’s stock.

Essentra News Roundup

Here are the key news stories impacting Essentra this week:

• Positive Sentiment: Large insider purchases by senior executives (Steve Good bought 40,000 shares at GBX 93; Kath Durrant and Rowan Baker also purchased ~10.9k shares each near GBX 91) signal management confidence and can underpin the stock. Insider Trades Alert
• Positive Sentiment: Berenberg Bank reissued a “buy” rating and set a GBX 160 price target, which supports upside expectations versus the current trading level. London Stock Exchange
• Positive Sentiment: Company outlined a plan to rebuild margins as sales return to growth — execution of that plan is the key catalyst for earnings recovery over the medium term. Investors Chronicle: Plan to Rebuild Margins
• Neutral Sentiment: Q3 results roughly met expectations (GBX 6.10 EPS) but showed margin pressure and weak return metrics — this limits downside from an earnings surprise but leaves scope for upside only if margins improve. Earnings Coverage
• Negative Sentiment: Royal Bank of Canada trimmed its price target to GBX 130 (still “outperform”), and Deutsche Bank also reduced its target — these downward revisions may pressure sentiment despite some buy ratings. Broker Ratings (Digital Look)

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.