Essentra's (ESNT) Buy Rating Reiterated at 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 reaffirmed their buy rating on shares of Essentra (LON:ESNT - Free Report) in a report issued on Tuesday morning, MarketBeat.com reports. Peel Hunt currently has a GBX 230 ($3.05) target price on the stock.

Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 170 ($2.26) price target on shares of Essentra in a research report on Wednesday, May 21st.

Essentra Trading Down 1.9%

Essentra stock traded down GBX 2 ($0.03) during mid-day trading on Tuesday, hitting GBX 102.60 ($1.36). 10,385,134 shares of the stock were exchanged, compared to its average volume of 1,908,421. 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 has a 12 month low of GBX 88.53 ($1.18) and a 12 month high of GBX 180.80 ($2.40). The firm's fifty day simple moving average is GBX 103.46 and its two-hundred day simple moving average is GBX 106.45. The stock has a market capitalization of £294.91 million, a price-to-earnings ratio of 84.52, a PEG ratio of 3.84 and a beta of 1.18.

Essentra (LON:ESNT - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported GBX 3.40 ($0.05) earnings per share (EPS) for the quarter. Essentra had a net margin of 1.13% and a return on equity of 1.28%. Analysts forecast that Essentra will post 524.137931 EPS for the current 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.