Royal Bank Of Canada Cuts Essentra (LON:ESNT) Price Target to GBX 130

Essentra (LON:ESNT) had its price target reduced by Royal Bank Of Canada from GBX 155 to GBX 130 in a research report released on Tuesday morning, MarketBeat Ratings reports. Royal Bank Of Canada currently has an outperform rating on the stock.

Several other equities analysts have also recently commented on the stock. Berenberg Bank reaffirmed a “buy” rating and set a GBX 160 price target on shares of Essentra in a research report on Thursday, January 15th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Essentra from GBX 165 to GBX 150 and set a “buy” rating on the stock in a report on Thursday, January 15th. Finally, Jefferies Financial Group dropped their price target on Essentra from GBX 170 to GBX 150 and set a “buy” rating on the stock in a research report on Monday, November 10th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 164.

Essentra Price Performance

ESNT opened at GBX 101.20 on Tuesday. The company has a fifty day simple moving average of GBX 98.40 and a 200 day simple moving average of GBX 101.23. The firm has a market cap of £288.46 million, a price-to-earnings ratio of 30.67, a PEG ratio of 3.84 and a beta of 1.18. Essentra has a twelve month low of GBX 88.53 and a twelve month high of GBX 127.60. The company has a current ratio of 1.97, a quick ratio of 0.50 and a debt-to-equity ratio of 51.89.

Essentra Company Profile

Essentra plc is a leading global provider 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 28 countries worldwide and includes c.3,000 employees, 14 manufacturing facilities, 26 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.