Jefferies Financial Group Cuts Essentra (LON:ESNT) Price Target to GBX 150

Essentra (LON:ESNT) had its price target decreased by equities researchers at Jefferies Financial Group from GBX 170 to GBX 150 in a research note issued to investors on Monday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s target price suggests a potential upside of 60.77% from the company’s previous close.

ESNT has been the topic of several other research reports. Peel Hunt restated a “buy” rating and issued a GBX 230 price target on shares of Essentra in a report on Tuesday, July 29th. Berenberg Bank dropped their price objective on shares of Essentra from GBX 170 to GBX 160 and set a “buy” rating for the company in a research report on Thursday, October 30th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 175 target price on shares of Essentra in a research note on Wednesday, July 30th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of GBX 178.75.

Essentra Stock Performance

Shares of LON:ESNT opened at GBX 93.30 on Monday. The business has a 50-day moving average of GBX 103.56 and a two-hundred day moving average of GBX 102.08. The firm has a market capitalization of £266.22 million, a PE ratio of 28.27, a P/E/G 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. Essentra has a 12 month low of GBX 88.53 and a 12 month high of GBX 174.60.

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.