Essentra plc provides essential components and solutions worldwide. The Components division manufactures and distributes plastic injection molded, vinyl dip-molded, and metal items for equipment manufacturing, automotive, fabrication, electronics, and construction industries; and component solutions comprising caps and plugs, wire and cable management products, flange protection products, knobs, handles and grips, PCB and electronics hardware, and tools and precision instruments for a range of applications and industries that are used in protection and finish products. The Packaging division provides cartons, leaflets, self-adhesive labels, and printed foils for use in blister packs; and packaging and authentication solutions to the health and personal care sectors. The Filter division offers filters and packaging solutions to the roll own segments; analytical laboratory services; and e-cigarette and heat not burn solutions for next generation products. The company was formerly known as Filtrona plc and changed its name to Essentra plc in June 2013. Essentra plc was incorporated in 2005 and is based in Milton Keynes, the United Kingdom.
Analysts Set New Price Targets
Separately, Berenberg Bank dropped their price target on Essentra from GBX 365 ($4.41) to GBX 350 ($4.23) and set a "buy" rating on the stock in a research report on Monday, June 27th.
Essentra Stock Down 1.1 %
ESNT traded down GBX 2.50 ($0.03) during midday trading on Friday, reaching GBX 234.50 ($2.83). The company's stock had a trading volume of 147,542 shares, compared to its average volume of 514,283. The stock's 50-day moving average is GBX 255.64 and its 200-day moving average is GBX 293.07. Essentra has a 1 year low of GBX 222.50 ($2.69) and a 1 year high of GBX 366 ($4.42). The firm has a market capitalization of £707.46 million and a price-to-earnings ratio of 2,605.56. The company has a current ratio of 2.06, a quick ratio of 1.42 and a debt-to-equity ratio of 58.99.
Essentra Cuts Dividend
The business also recently disclosed a dividend, which will be paid on Friday, October 28th. Investors of record on Thursday, September 22nd will be given a dividend of GBX 2.30 ($0.03) per share. This represents a yield of 0.9%. The ex-dividend date is Thursday, September 22nd. Essentra's dividend payout ratio (DPR) is presently 58.89%.