Berenberg Bank Reaffirms Buy Rating for Essentra (LON:ESNT)

Essentra (LON:ESNT)‘s stock had its “buy” rating reissued by equities researchers at Berenberg Bank in a research report issued on Wednesday, MarketBeat.com reports. They currently have a GBX 170 ($2.20) price objective on the stock. Berenberg Bank’s price target suggests a potential upside of 64.41% from the stock’s current price.

Essentra Price Performance

LON ESNT opened at GBX 103.40 ($1.34) on Wednesday. The company has a quick ratio of 0.50, a current ratio of 1.97 and a debt-to-equity ratio of 51.89. The company has a market cap of £297.21 million, a PE ratio of 85.18, a price-to-earnings-growth ratio of 3.84 and a beta of 1.18. Essentra has a 52 week low of GBX 102.65 ($1.33) and a 52 week high of GBX 191.80 ($2.48). The firm’s 50-day simple moving average is GBX 118.25 and its two-hundred day simple moving average is GBX 135.80.

Essentra (LON:ESNT) last announced its quarterly earnings results on Wednesday, March 19th. The company reported GBX 8.50 ($0.11) EPS for the quarter. Essentra had a net margin of 1.13% and a return on equity of 1.28%. Research analysts predict that Essentra will post 524.137931 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Rowan Baker purchased 10,036 shares of the stock in a transaction dated Monday, March 24th. The shares were purchased at an average cost of GBX 104 ($1.35) per share, with a total value of £10,437.44 ($13,513.00). Also, insider Steve Good acquired 35,000 shares of Essentra stock in a transaction that occurred on Thursday, March 20th. The shares were purchased at an average cost of GBX 109 ($1.41) per share, with a total value of £38,150 ($49,391.51). 0.99% of the stock is owned by corporate insiders.

Essentra Company Profile