Essentra (LON:ESNT) Hits New 12-Month High - Here's Why

Key Points

• Essentra shares reached a new 52-week high of GBX 118.80 before settling at GBX 116, supported by trading volume of more than 2.65 million shares.
• Analyst sentiment remains positive: three analysts rate the stock a Buy and one a Hold, resulting in a consensus “Moderate Buy” rating and a GBX 127.50 price target.
• Essentra reported quarterly earnings of GBX 7.20 per share, while its profitability remained modest with a 1.71% net margin and 2.02% return on equity.

Essentra plc (LON:ESNT - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Friday. The company traded as high as GBX 118.80 and last traded at GBX 116, with a volume of 2,655,217 shares changing hands. The stock had previously closed at GBX 115.

Wall Street Analyst Weigh In

ESNT has been the topic of several research analyst reports. Royal Bank Of Canada lifted their price objective on Essentra from GBX 130 to GBX 140 and gave the company an "outperform" rating in a research note on Wednesday, July 29th. Berenberg Bank cut their price objective on Essentra from GBX 160 to GBX 140 and set a "buy" rating on the stock in a research report on Friday, August 14th. Finally, Jefferies Financial Group reiterated a "buy" rating and set a GBX 130 target price on shares of Essentra in a report on Wednesday, July 29th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 127.50.

Essentra Price Performance

The company has a current ratio of 2.33, a quick ratio of 0.50 and a debt-to-equity ratio of 53.28. The business has a 50-day moving average price of GBX 109.66 and a two-hundred day moving average price of GBX 95.09. The firm has a market capitalization of £328.07 million, a price-to-earnings ratio of 46.40, a PEG ratio of 3.84 and a beta of 0.86.

Essentra (LON:ESNT - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The company reported GBX 7.20 earnings per share for the quarter. Essentra had a return on equity of 2.02% and a net margin of 1.71%. As a group, research analysts forecast that Essentra plc will post 524.14 EPS for the current year.

About Essentra

Essentra plc is a leading global manufacturer and supplier 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 27 countries worldwide and includes c.3,000 employees, 16 manufacturing facilities, 27 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.

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