Essentra (LON:ESNT) Stock Keeps Buy Rating at Jefferies Financial Group

Key Points

• Jefferies reaffirmed its “Buy” rating on Essentra and maintained a GBX 140 price target, implying 18.15% upside from the prior close.
• Analyst sentiment remains favorable, with three Buy ratings and one Hold rating; the consensus target is GBX 130.
• Essentra shares rose to GBX 118.49, while the company reported quarterly EPS of GBX 7.20 and continues to trade within a GBX 78.40–124.00 12-month range.

Essentra (LON:ESNT - Get Free Report)'s stock had its "buy" rating reaffirmed by Jefferies Financial Group in a research note issued to investors on Thursday, London Stock Exchange reports. They currently have a GBX 140 price target on the stock. Jefferies Financial Group's price target would suggest a potential upside of 18.15% from the company's previous close.

Several other equities research analysts also recently issued reports on ESNT. Royal Bank Of Canada raised their price objective on shares of Essentra from GBX 130 to GBX 140 and gave the stock an "outperform" rating in a research report on Wednesday, July 29th. Berenberg Bank decreased their target price on Essentra from GBX 160 to GBX 140 and set a "buy" rating on the stock in a research report on Friday, August 14th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of GBX 130.

Essentra Stock Performance

Shares of LON ESNT traded up GBX 5.49 during mid-day trading on Thursday, reaching GBX 118.49. 9,074,873 shares of the company were exchanged, compared to its average volume of 1,667,853. The company's 50-day simple moving average is GBX 109.94 and its 200-day simple moving average is GBX 95.79. The company has a quick ratio of 0.50, a current ratio of 2.33 and a debt-to-equity ratio of 53.28. The stock has a market capitalization of £335.11 million, a P/E ratio of 47.40, a P/E/G ratio of 3.84 and a beta of 0.86. Essentra has a twelve month low of GBX 78.40 and a twelve month high of GBX 124.

Essentra (LON:ESNT - Get Free Report) last announced its earnings results on Tuesday, July 28th. The company reported GBX 7.20 EPS for the quarter. Essentra had a net margin of 1.71% and a return on equity of 2.02%. As a group, research analysts predict that Essentra will post 524.14 earnings per share for the current 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.