Essentra (LON:ESNT) Stock Rating Reaffirmed by Berenberg Bank

Essentra (LON:ESNT)‘s stock had its “buy” rating restated by Berenberg Bank in a research report issued on Thursday, MarketBeat Ratings reports. They presently have a GBX 200 ($2.60) price target on the stock. Berenberg Bank’s price objective would indicate a potential upside of 30.72% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on the company. Jefferies Financial Group reduced their price objective on Essentra from GBX 260 ($3.38) to GBX 250 ($3.25) and set a “buy” rating for the company in a report on Friday, July 12th. Deutsche Bank Aktiengesellschaft dropped their price target on Essentra from GBX 240 ($3.12) to GBX 200 ($2.60) and set a “buy” rating for the company in a report on Tuesday, September 17th.

Essentra Stock Performance

Shares of ESNT stock opened at GBX 153 ($1.99) on Thursday. Essentra has a 52 week low of GBX 125.92 ($1.63) and a 52 week high of GBX 191.80 ($2.49). The company has a market capitalization of £439.32 million, a price-to-earnings ratio of 7,980.00, a PEG ratio of 3.84 and a beta of 1.18. The company has a 50-day simple moving average of GBX 159.28 and a 200 day simple moving average of GBX 166.51. The company has a debt-to-equity ratio of 51.89, a quick ratio of 0.50 and a current ratio of 1.97.

Insiders Place Their Bets

In related news, insider Scott Fawcett acquired 10,479 shares of the stock in a transaction on Wednesday, September 18th. The shares were purchased at an average price of GBX 142 ($1.84) per share, for a total transaction of £14,880.18 ($19,319.89). Company insiders own 0.99% 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.