Essentra (LON:ESNT) Sets New 52-Week Low – Here’s What Happened
by Tristan Rich · The Markets DailyEssentra plc (LON:ESNT – Get Free Report)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 86.90 and last traded at GBX 87.80, with a volume of 857620 shares. The stock had previously closed at GBX 90.60.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on the company. Royal Bank Of Canada dropped their target price on Essentra to GBX 130 and set an “outperform” rating for the company in a report on Wednesday, March 18th. Jefferies Financial Group reiterated a “buy” rating on shares of Essentra in a report on Friday, March 20th. Deutsche Bank Aktiengesellschaft dropped their target price on Essentra from GBX 165 to GBX 150 and set a “buy” rating for the company in a report on Thursday, January 15th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 160 target price on shares of Essentra in a report on Thursday, March 19th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Essentra currently has an average rating of “Buy” and an average target price of GBX 164.
Check Out Our Latest Analysis on Essentra
Essentra Trading Down 0.1%
The stock has a fifty day moving average of GBX 98.76 and a 200-day moving average of GBX 99.99. The company has a debt-to-equity ratio of 47.67, a quick ratio of 0.50 and a current ratio of 2.20. The company has a market cap of £263.02 million, a PE ratio of 132.14, a PEG ratio of 3.84 and a beta of 0.86.
Essentra (LON:ESNT – Get Free Report) last posted its quarterly earnings data on Tuesday, March 17th. The company reported GBX 6.10 earnings per share (EPS) for the quarter. Essentra had a return on equity of 0.79% and a net margin of 0.70%. Sell-side analysts anticipate that Essentra plc will post 524.137931 EPS for the current fiscal year.
Insider Buying and Selling at Essentra
In related news, insider Kath Durrant acquired 10,894 shares of the stock in a transaction on Tuesday, March 17th. The stock was bought at an average cost of GBX 91 per share, with a total value of £9,913.54. Also, insider Rowan Baker acquired 10,977 shares of the stock in a transaction on Tuesday, March 17th. The stock was bought at an average cost of GBX 91 per share, with a total value of £9,989.07. Insiders purchased a total of 61,871 shares of company stock valued at $5,710,261 in the last three months. Company insiders own 0.48% of the company’s stock.
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.