Essentra’s (ESNT) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Essentra (LON:ESNT) in a research note released on Thursday morning, MarketBeat Ratings reports. Berenberg Bank currently has a GBX 160 price target on the stock.

Separately, Jefferies Financial Group reduced their price objective on Essentra from GBX 170 to GBX 150 and set a “buy” rating for the company in a research report on Monday, November 10th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 172.50.

Essentra Stock Up 6.4%

Shares of ESNT opened at GBX 103.40 on Thursday. 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 50-day simple moving average of GBX 96.24 and a 200-day simple moving average of GBX 101.56. Essentra has a 52 week low of GBX 88.53 and a 52 week high of GBX 127.60. The firm has a market capitalization of £294.73 million, a P/E ratio of 31.33, a P/E/G ratio of 3.84 and a beta of 1.18.

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.