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

Essentra (LON:ESNT) had its price objective lowered by Royal Bank Of Canada from GBX 155 to GBX 130 in a report released on Tuesday morning, MarketBeat Ratings reports. The brokerage currently has an outperform rating on the stock.

Other research analysts have also issued reports about the stock. Jefferies Financial Group dropped their price objective on shares of Essentra from GBX 170 to GBX 150 and set a “buy” rating on the stock in a research note on Monday, November 10th. Berenberg Bank restated a “buy” rating and issued a GBX 160 price target on shares of Essentra in a research report on Thursday, January 15th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Essentra from GBX 165 to GBX 150 and set a “buy” rating for the company in a research report on Thursday, January 15th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of GBX 164.

Essentra Stock Performance

Shares of Essentra stock opened at GBX 105 on Tuesday. The firm’s fifty day simple moving average is GBX 98 and its 200-day simple moving average is GBX 101.21. Essentra has a 12 month low of GBX 88.53 and a 12 month high of GBX 127.60. The stock has a market capitalization of £299.29 million, a price-to-earnings ratio of 31.82, a PEG ratio of 3.84 and a beta of 1.18. The company has a debt-to-equity ratio of 51.89, a current ratio of 1.97 and a quick ratio of 0.50.

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.