Essentra (LON:ESNT) Stock Gets Price Target Bump from Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank raised Essentra’s price target from GBX 100 to GBX 115 while maintaining a “hold” rating, implying roughly 0.52% downside from the previous close.
• Analyst sentiment remains broadly positive: three analysts rate Essentra a “buy” and one a “hold,” producing a “Moderate Buy” consensus and an average target of GBX 133.75.
• Essentra shares rose 0.2% to GBX 115.60, near Deutsche Bank’s revised target, while the company reported quarterly EPS of GBX 7.20 and maintains a market capitalization of approximately £326.94 million.

Essentra (LON:ESNT - Get Free Report) had its target price raised by equities researchers at Deutsche Bank Aktiengesellschaft from GBX 100 to GBX 115 in a report issued on Monday, London Stock Exchange reports. The brokerage currently has a "hold" rating on the stock. Deutsche Bank Aktiengesellschaft's price objective indicates a potential downside of 0.52% from the stock's previous close.

Several other equities analysts have also recently commented on ESNT. Jefferies Financial Group reiterated a "buy" rating and set a GBX 140 target price on shares of Essentra in a research note on Thursday, October 22nd. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 140 price target on shares of Essentra in a report on Friday. Finally, Royal Bank Of Canada increased 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 issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Essentra presently has an average rating of "Moderate Buy" and a consensus price target of GBX 133.75.

Essentra Stock Up 0.2%

ESNT stock traded up GBX 0.20 during trading on Monday, reaching GBX 115.60. The stock had a trading volume of 4,432,812 shares, compared to its average volume of 1,687,771. The company has a current ratio of 2.33, a quick ratio of 0.50 and a debt-to-equity ratio of 53.28. The firm has a fifty day moving average price of GBX 110.49 and a 200 day moving average price of GBX 97.36. The company has a market capitalization of £326.94 million, a P/E ratio of 46.24, 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.

Essentra (LON:ESNT - Get Free Report) last announced 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, equities analysts anticipate that Essentra will post 524.14 earnings per share for the current year.

Essentra Company Profile

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.

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