Essentra (LON:ESNT) Given Buy Rating at Deutsche Bank Aktiengesellschaft

Key Points

• Essentra's stock has received a "buy" rating from Deutsche Bank Aktiengesellschaft, with a target price of GBX 175 ($2.34), representing a potential upside of 68.27% from its previous close.
• Other analysts, including Berenberg Bank and Peel Hunt, have also reaffirmed "buy" ratings with price targets ranging from GBX 170 ($2.27) to GBX 230 ($3.07).
• Essentra's stock is currently priced at GBX 104 ($1.39) and has seen fluctuations within a 12-month range of GBX 88.53 ($1.18) to GBX 180.80 ($2.41).

Deutsche Bank Aktiengesellschaft reiterated their buy rating on shares of Essentra (LON:ESNT - Free Report) in a research report released on Wednesday, MarketBeat reports. Deutsche Bank Aktiengesellschaft currently has a GBX 175 ($2.32) target price on the stock.

Several other equities analysts also recently weighed in on the company. Berenberg Bank reissued a "buy" rating and set a GBX 170 ($2.26) price target on shares of Essentra in a research report on Tuesday, July 29th. Peel Hunt reiterated a "buy" rating and issued a GBX 230 ($3.05) target price on shares of Essentra in a report on Tuesday, July 29th.

Essentra Price Performance

LON ESNT traded down GBX 2 ($0.03) during mid-day trading on Wednesday, hitting GBX 102.60 ($1.36). The stock had a trading volume of 10,385,134 shares, compared to its average volume of 1,908,421. Essentra has a 52-week low of GBX 88.53 ($1.18) and a 52-week high of GBX 180.80 ($2.40). The company has a market cap of £294.91 million, a price-to-earnings ratio of 84.52, a P/E/G ratio of 3.84 and a beta of 1.18. The company has a 50 day simple moving average of GBX 103.46 and a 200 day simple moving average of GBX 106.37. The company has a quick ratio of 0.50, a current ratio of 1.97 and a debt-to-equity ratio of 51.89.

Essentra (LON:ESNT - Get Free Report) last released 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 return on equity of 1.28% and a net margin of 1.13%. Equities analysts forecast that Essentra will post 524.137931 EPS 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.