Essentra (LON:ESNT) PT Lowered to GBX 200

Essentra (LON:ESNT) had its target price cut by investment analysts at Deutsche Bank Aktiengesellschaft from GBX 240 ($3.17) to GBX 200 ($2.64) in a report released on Tuesday, Digital Look reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 39.86% from the company’s previous close.

ESNT has been the subject of a number of other research reports. Berenberg Bank reiterated a “buy” rating and issued a GBX 255 ($3.37) target price on shares of Essentra in a report on Thursday, May 23rd. Jefferies Financial Group cut their price objective on shares of Essentra from GBX 260 ($3.43) to GBX 250 ($3.30) and set a “buy” rating on the stock in a research report on Friday, July 12th.

Essentra Price Performance

Essentra stock traded up GBX 1.20 ($0.02) during midday trading on Tuesday, reaching GBX 143 ($1.89). 2,634,634 shares of the stock traded hands, compared to its average volume of 704,005. The company has a quick ratio of 0.50, a current ratio of 1.97 and a debt-to-equity ratio of 51.89. Essentra has a 12 month low of GBX 125.92 ($1.66) and a 12 month high of GBX 191.80 ($2.53). The stock’s fifty day moving average is GBX 166.28 and its 200-day moving average is GBX 170.95. The stock has a market cap of £411.43 million, a P/E ratio of 7,980.00, a PEG ratio of 3.84 and a beta of 1.18.

Essentra Company Profile

Essentra plc manufactures and distributes plastic injection and vinyl dip moulded, and metal components worldwide. The company offers cable ties and conduit, and accessories; grommets, strain relief, and blanking plugs; cable glands and accessories; caps and plugs; card guides and pullers; circuit board hardware products; EMI suppression ferrite cores; fan accessories comprising filters and fan mounting accessories; screws and nuts; rivet and panel fasteners; barbed and push-fit fasteners; binder screws and snap fasteners; washers; spacers; brushes; feet; fibre management; and furniture fittings.