Key Points
- Insider purchase: Essentra director Steve Good bought 40,000 shares on March 17 at an average of GBX 93 per share (about £37,200), with the stock reported up 9.5% and opening at GBX 98.90.
- Analyst outlook and valuation: Five analysts give Essentra a consensus "Buy" with a price target of GBX 164, while the stock trades at a £281.7m market cap and a P/E of 29.97 despite modest recent EPS (GBX 6.10) and a 3.15% net margin.
Essentra plc (LON:ESNT - Get Free Report) insider Steve Good acquired 40,000 shares of Essentra stock in a transaction dated Tuesday, March 17th. The stock was purchased at an average cost of GBX 93 per share, for a total transaction of £37,200.
Essentra Stock Up 9.5%
Shares of LON:ESNT opened at GBX 98.90 on Wednesday. The stock has a 50-day simple moving average of GBX 101.61 and a 200-day simple moving average of GBX 100.72. The stock has a market capitalization of £281.69 million, a P/E ratio of 29.97, a PEG ratio of 3.84 and a beta of 0.86. Essentra plc has a 1 year low of GBX 88.53 and a 1 year high of GBX 123.80. The company has a debt-to-equity ratio of 51.73, a quick ratio of 0.50 and a current ratio of 2.48.
Essentra (LON:ESNT - Get Free Report) last posted its quarterly earnings results on Tuesday, March 17th. The company reported GBX 6.10 EPS for the quarter. Essentra had a net margin of 3.15% and a return on equity of 3.47%. Equities analysts forecast that Essentra plc will post 524.137931 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on ESNT. Berenberg Bank restated a "buy" rating and set a GBX 160 target price on shares of Essentra in a report on Thursday, January 15th. Royal Bank Of Canada lowered their price target on Essentra from GBX 155 to GBX 130 and set an "outperform" rating for the company in a report on Tuesday, January 27th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Essentra from GBX 165 to GBX 150 and set a "buy" rating on the stock in a research report on Thursday, January 15th. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of GBX 164.
Check Out Our Latest Analysis on Essentra
About Essentra
(
Get Free Report)
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.
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