Berenberg Bank Reaffirms Buy Rating for Essentra (LON:ESNT)

Essentra (LON:ESNT)‘s stock had its “buy” rating reaffirmed by investment analysts at Berenberg Bank in a research report issued on Thursday, Digital Look reports. They currently have a GBX 200 ($2.60) target price on the stock. Berenberg Bank’s price target suggests a potential upside of 31.36% from the company’s current price.

Several other research firms also recently weighed in on ESNT. Jefferies Financial Group decreased their price target on shares of Essentra from GBX 260 ($3.38) to GBX 250 ($3.25) and set a “buy” rating on the stock in a research report on Friday, July 12th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Essentra from GBX 240 ($3.12) to GBX 200 ($2.60) and set a “buy” rating for the company in a research report on Tuesday, September 17th.

Essentra Stock Up 0.8 %

ESNT traded up GBX 1.25 ($0.02) during midday trading on Thursday, reaching GBX 152.25 ($1.98). The company’s stock had a trading volume of 180,560 shares, compared to its average volume of 687,563. The firm has a market capitalization of £437.40 million, a price-to-earnings ratio of 7,980.00, a PEG ratio of 3.84 and a beta of 1.18. The company has a current ratio of 1.97, a quick ratio of 0.50 and a debt-to-equity ratio of 51.89. Essentra has a 1 year low of GBX 125.92 ($1.63) and a 1 year high of GBX 191.80 ($2.49). The stock’s 50-day moving average is GBX 159.91 and its 200-day moving average is GBX 166.71.

Insider Buying and Selling at Essentra

In related news, insider Scott Fawcett purchased 10,479 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The stock was purchased at an average cost of GBX 142 ($1.84) per share, with a total value of £14,880.18 ($19,319.89). 0.99% of the stock is currently owned by corporate insiders.

About Essentra

Essentra plc manufactures and distributes plastic injection and vinyl dip moulded, and metal components worldwide. The company offers cable ties and conduit, and accessories; grommets, strain relief, and blanking plugs; cable glands and accessories; caps and plugs; card guides and pullers; circuit board hardware products; EMI suppression ferrite cores; fan accessories comprising filters and fan mounting accessories; screws and nuts; rivet and panel fasteners; barbed and push-fit fasteners; binder screws and snap fasteners; washers; spacers; brushes; feet; fibre management; and furniture fittings.