Rowan Baker Acquires 10,386 Shares of Essentra plc (LON:ESNT) Stock

Key Points

• Essentra plc insider Rowan Baker purchased a total of 19,973 shares at an average cost of GBX 104 ($1.40) per share, amounting to £20,771.92 ($28,933.26).
• The company's stock price recently rose to GBX 103.96 ($1.40) with a market capitalization of £298.82 million.
• Brokerages including Deutsche Bank and Berenberg Bank have issued "buy" ratings for Essentra, with price targets ranging from GBX 170 ($2.29) to GBX 230 ($3.09).

Essentra plc (LON:ESNT - Get Free Report) insider Rowan Baker bought 10,386 shares of the business's stock in a transaction that occurred on Friday, August 8th. The shares were bought at an average cost of GBX 104 ($1.40) per share, for a total transaction of £10,801.44 ($14,582.75).

Rowan Baker also recently made the following trade(s):

• On Friday, August 8th, Rowan Baker bought 9,587 shares of Essentra stock. The shares were bought at an average cost of GBX 104 ($1.40) per share, for a total transaction of £9,970.48 ($13,460.89).

Essentra Stock Up 1.3%

ESNT traded up GBX 1.30 ($0.02) during trading on Tuesday, hitting GBX 101.20 ($1.37). 366,831 shares of the company's stock were exchanged, compared to its average volume of 1,787,568. The company has a quick ratio of 0.50, a current ratio of 1.97 and a debt-to-equity ratio of 51.89. The business's 50 day moving average is GBX 104.12 and its two-hundred day moving average is GBX 105.46. Essentra plc has a fifty-two week low of GBX 88.53 ($1.20) and a fifty-two week high of GBX 180.80 ($2.44). The stock has a market cap of £290.89 million, a P/E ratio of 83.37, a PEG ratio of 3.84 and a beta of 1.18.

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 net margin of 1.13% and a return on equity of 1.28%. As a group, equities analysts expect that Essentra plc will post 524.137931 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on ESNT shares. Peel Hunt reissued a "buy" rating and set a GBX 230 ($3.11) target price on shares of Essentra in a research note on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 175 ($2.36) price objective on shares of Essentra in a report on Wednesday, July 30th. Finally, Berenberg Bank restated a "buy" rating and set a GBX 170 ($2.30) price objective on shares of Essentra in a report on Tuesday, July 29th.

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.