Deutsche Bank Aktiengesellschaft Issues Pessimistic Forecast for Essentra (LON:ESNT) Stock Price

Essentra (LON:ESNT) had its price objective dropped by equities research analysts at Deutsche Bank Aktiengesellschaft from GBX 165 to GBX 150 in a note issued to investors on Thursday, Marketbeat reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 46.61% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. Jefferies Financial Group reduced their target price on shares of Essentra from GBX 170 to GBX 150 and set a “buy” rating on the stock in a report on Monday, November 10th. Berenberg Bank reissued a “buy” rating and issued a GBX 160 price objective on shares of Essentra in a research report on Thursday. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 172.50.

Essentra Stock Up 5.3%

ESNT stock traded up GBX 5.12 during mid-day trading on Thursday, reaching GBX 102.32. The company had a trading volume of 2,689,121 shares, compared to its average volume of 1,388,506. The firm has a fifty day simple moving average of GBX 96.03 and a 200 day simple moving average of GBX 101.62. The company has a debt-to-equity ratio of 51.89, a quick ratio of 0.50 and a current ratio of 1.97. The company has a market capitalization of £291.64 million, a price-to-earnings ratio of 31.00, a price-to-earnings-growth ratio of 3.84 and a beta of 1.18. Essentra has a fifty-two week low of GBX 88.53 and a fifty-two week high of GBX 127.60.

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.