Essentra (LON:ESNT) Price Target Cut to GBX 200 by Analysts at Berenberg Bank

Essentra (LON:ESNT) had its price target lowered by equities researchers at Berenberg Bank from GBX 255 ($3.41) to GBX 200 ($2.68) in a note issued to investors on Tuesday, Digital Look reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price objective suggests a potential upside of 32.80% from the stock’s current price.

A number of other equities analysts have also weighed in on the company. Jefferies Financial Group lowered their target price on Essentra from GBX 260 ($3.48) to GBX 250 ($3.35) and set a “buy” rating on the stock in a research note on Friday, July 12th. Deutsche Bank Aktiengesellschaft reduced their price target on Essentra from GBX 240 ($3.21) to GBX 200 ($2.68) and set a “buy” rating on the stock in a research report on Tuesday, September 17th.

Essentra Stock Performance

Shares of LON ESNT traded up GBX 2.60 ($0.03) during trading hours on Tuesday, reaching GBX 150.60 ($2.02). 379,371 shares of the stock were exchanged, compared to its average volume of 713,411. The firm has a market capitalization of £433.29 million, a price-to-earnings ratio of 7,980.00, a P/E/G ratio of 3.84 and a beta of 1.18. The company has a debt-to-equity ratio of 51.89, a quick ratio of 0.50 and a current ratio of 1.97. Essentra has a 52 week low of GBX 125.92 ($1.69) and a 52 week high of GBX 191.80 ($2.57). The stock’s fifty day simple moving average is GBX 165.12 and its 200 day simple moving average is GBX 170.41.

Insider Buying and Selling

In other Essentra news, insider Scott Fawcett bought 10,479 shares of Essentra stock in a transaction on Wednesday, September 18th. The shares were purchased at an average price of GBX 142 ($1.90) per share, with a total value of £14,880.18 ($19,925.25). 0.93% of the stock is currently owned by company 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.