Essentra (LON:ESNT) Price Target Cut to GBX 200 by Analysts at Berenberg Bank

Essentra (LON:ESNT) had its price target lowered by stock analysts at Berenberg Bank from GBX 255 ($3.41) to GBX 200 ($2.68) in a research note issued to investors on Tuesday, Digital Look reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price objective indicates a potential upside of 32.80% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. Jefferies Financial Group lowered their price objective on shares of Essentra from GBX 260 ($3.48) to GBX 250 ($3.35) and set a “buy” rating for the company in a research report on Friday, July 12th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Essentra from GBX 240 ($3.21) to GBX 200 ($2.68) and set a “buy” rating for the company in a research report on Tuesday, September 17th.

Essentra Trading Up 1.8 %

Shares of Essentra stock traded up GBX 2.60 ($0.03) on Tuesday, hitting GBX 150.60 ($2.02). 379,371 shares of the company’s stock traded hands, compared to its average volume of 713,411. The firm’s 50-day moving average price is GBX 165.12 and its two-hundred day moving average price is GBX 170.41. The stock has a market capitalization of £433.29 million, a PE ratio of 7,980.00, a price-to-earnings-growth ratio of 3.84 and a beta of 1.18. Essentra has a one year low of GBX 125.92 ($1.69) and a one year high of GBX 191.80 ($2.57). The company has a debt-to-equity ratio of 51.89, a current ratio of 1.97 and a quick ratio of 0.50.

Insider Activity at Essentra

In related news, insider Scott Fawcett purchased 10,479 shares of Essentra stock in a transaction that occurred on Wednesday, September 18th. The stock was purchased at an average cost of GBX 142 ($1.90) per share, with a total value of £14,880.18 ($19,925.25). Insiders own 0.93% of the company’s stock.

About Essentra

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.