Jefferies Financial Group Reaffirms Buy Rating for Essentra (LON:ESNT)

Essentra (LON:ESNT)‘s stock had its “buy” rating restated by stock analysts at Jefferies Financial Group in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. They presently have a GBX 130 price objective on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 55.13% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Berenberg Bank reissued a “buy” rating and issued a GBX 160 target price on shares of Essentra in a research report on Thursday, March 19th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Essentra from GBX 150 to GBX 100 and set a “hold” rating on the stock in a research report on Monday. Finally, Royal Bank Of Canada reduced their price target on shares of Essentra to GBX 130 and set an “outperform” rating on the stock in a research report on Wednesday, March 18th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 150.

Essentra Price Performance

ESNT opened at GBX 83.80 on Wednesday. The company’s 50 day simple moving average is GBX 97.10 and its 200 day simple moving average is GBX 99.31. The company has a debt-to-equity ratio of 47.67, a quick ratio of 0.50 and a current ratio of 2.20. Essentra has a 1 year low of GBX 83.30 and a 1 year high of GBX 123.80. The stock has a market capitalization of £238.28 million, a PE ratio of 119.71, a P/E/G ratio of 3.84 and a beta of 0.90.

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

Insider Buying and Selling at Essentra

In other Essentra news, insider Scott Fawcett sold 21,279 shares of Essentra stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of GBX 90, for a total transaction of £19,151.10. Also, insider Kath Durrant purchased 10,894 shares of Essentra stock in a transaction on Tuesday, March 17th. The shares were acquired at an average cost of GBX 91 per share, for a total transaction of £9,913.54. In the last three months, insiders bought 79,354 shares of company stock valued at $7,213,799. 0.48% of the stock is currently 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.