Essentra’s (ESNT) Buy Rating Reiterated at Jefferies Financial Group

Essentra (LON:ESNT)‘s stock had its “buy” rating reissued by equities research analysts at Jefferies Financial Group in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. They presently have a GBX 140 price objective on the stock. Jefferies Financial Group‘s price objective would indicate a potential upside of 21.53% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. Berenberg Bank lowered their price objective on shares of Essentra from GBX 160 to GBX 140 and set a “buy” rating for the company in a report on Friday, August 14th. Royal Bank Of Canada upped their price objective on shares of Essentra from GBX 130 to GBX 140 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 130.

Essentra Stock Performance

LON:ESNT opened at GBX 115.20 on Thursday. The business has a 50 day moving average of GBX 110.40 and a 200 day moving average of GBX 96.14. The company has a market capitalization of £325.81 million, a price-to-earnings ratio of 46.08, a PEG ratio of 3.84 and a beta of 0.86. Essentra has a 1-year low of GBX 78.40 and a 1-year high of GBX 124. The company has a debt-to-equity ratio of 53.28, a current ratio of 2.33 and a quick ratio of 0.50.

Essentra (LON:ESNT) last issued its earnings results on Tuesday, July 28th. The company reported GBX 7.20 earnings per share (EPS) for the quarter. Essentra had a return on equity of 2.02% and a net margin of 1.71%. On average, sell-side analysts predict that Essentra will post 524.14 earnings per share for the current fiscal year.

About Essentra

Essentra plc is a leading global manufacturer and supplier 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 27 countries worldwide and includes c.3,000 employees, 16 manufacturing facilities, 27 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.