Essentra (LON:ESNT) Receives "Buy" Rating from Peel Hunt

Key Points

• Peel Hunt has reiterated a "Buy" rating for Essentra (LON:ESNT), setting a price target of GBX 230 ($3.07), indicating a potential upside of 117.80%.
• Berenberg Bank also issued a "buy" rating with a price target of GBX 170 ($2.27) on Essentra shares, highlighting positive sentiment among analysts.
• Essentra's stock opened at GBX 105.60 ($1.41) and is currently trading within a fifty-two week range of **GBX 88.53** ($1.18) to **GBX 180.80** ($2.42).

Peel Hunt reiterated their buy rating on shares of Essentra (LON:ESNT - Free Report) in a research note published on Tuesday morning, Marketbeat.com reports. Peel Hunt currently has a GBX 230 ($3.05) target price on the stock.

Separately, Berenberg Bank restated a "buy" rating and issued a GBX 170 ($2.25) price objective on shares of Essentra in a research note on Wednesday, May 21st.

Essentra Stock Up 1.7%

ESNT traded up GBX 1.80 ($0.02) during midday trading on Tuesday, hitting GBX 106.20 ($1.41). 327,300 shares of the company's stock traded hands, compared to its average volume of 1,859,551. The company has a market cap of £305.26 million, a PE ratio of 87.49, a price-to-earnings-growth ratio of 3.84 and a beta of 1.18. The stock's fifty day simple moving average is GBX 103.21 and its 200-day simple moving average is GBX 106.57. 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 one year low of GBX 88.53 ($1.17) and a one year high of GBX 180.80 ($2.40).

Essentra (LON:ESNT - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported GBX 3.40 ($0.05) EPS for the quarter. Essentra had a net margin of 1.13% and a return on equity of 1.28%. As a group, equities analysts anticipate 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.