Berenberg Bank Reaffirms "Buy" Rating for Essentra (LON:ESNT)

Key Points

• Berenberg Bank has reaffirmed a "buy" rating for Essentra with a price target of GBX 170 ($2.27), indicating a potential upside of 60.98% from the current stock price.
• Peel Hunt also restated a "buy" rating on Essentra with a higher price target of GBX 230 ($3.07), suggesting strong market confidence in the company's performance.
• Essentra's stock opened at GBX 105.60 ($1.41) and has seen a market cap of £303.53 million along with varied performance metrics indicating growth potential.

Essentra (LON:ESNT - Get Free Report)'s stock had its "buy" rating reiterated by analysts at Berenberg Bank in a report released on Tuesday, Marketbeat.com reports. They currently have a GBX 170 ($2.26) price target on the stock. Berenberg Bank's price objective indicates a potential upside of 65.69% from the stock's previous close.

Separately, Peel Hunt reiterated a "buy" rating and set a GBX 230 ($3.05) price target on shares of Essentra in a report on Tuesday.

Essentra Trading Down 1.9%

ESNT stock traded down GBX 2 ($0.03) during trading on Tuesday, reaching GBX 102.60 ($1.36). The company had a trading volume of 10,385,134 shares, compared to its average volume of 1,908,421. The company has a market cap of £294.91 million, a P/E ratio of 84.52, a PEG ratio of 3.84 and a beta of 1.18. The company has a debt-to-equity ratio of 51.89, a current ratio of 1.97 and a quick ratio of 0.50. Essentra has a 52 week low of GBX 88.53 ($1.18) and a 52 week high of GBX 180.80 ($2.40). The business has a 50 day moving average of GBX 103.46 and a 200 day moving average of GBX 106.45.

Essentra (LON:ESNT - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported GBX 3.40 ($0.05) earnings per share for the quarter. Essentra had a net margin of 1.13% and a return on equity of 1.28%. As a group, sell-side analysts forecast that Essentra will post 524.137931 earnings per share for the current fiscal year.

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.