Berenberg Bank Reiterates 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 restated by Berenberg Bank in a report issued on Tuesday, Marketbeat reports. They presently have a GBX 170 ($2.25) price target on the stock. Berenberg Bank's price objective would indicate a potential upside of 60.08% from the stock's current price.

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

Essentra Price Performance

Shares of ESNT traded up GBX 1.80 ($0.02) on Tuesday, hitting GBX 106.20 ($1.41). The company's stock had a trading volume of 327,300 shares, compared to its average volume of 1,859,551. The company has a market capitalization of £305.26 million, a PE ratio of 87.49, 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 fifty-two week low of GBX 88.53 ($1.17) and a fifty-two week high of GBX 180.80 ($2.40). The company has a 50 day moving average price of GBX 103.21 and a 200 day moving average price of GBX 106.57.

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

About Essentra

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.