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

Berenberg Bank reissued their buy rating on shares of Essentra (LON:ESNT) in a research report sent to investors on Thursday morning, MarketBeat reports. Berenberg Bank currently has a GBX 200 ($2.60) price target on the stock.

Other equities analysts have also issued research reports about the stock. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Essentra from GBX 240 ($3.12) to GBX 200 ($2.60) and set a “buy” rating on the stock in a research report on Tuesday, September 17th. Jefferies Financial Group cut 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 report on Friday, July 12th.

Essentra Trading Up 0.7 %

LON ESNT opened at GBX 153 ($1.99) on Thursday. 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 firm’s fifty day simple moving average is GBX 159.28 and its 200-day simple moving average is GBX 166.41. The company has a market capitalization of £439.32 million, a PE ratio of 7,980.00, a price-to-earnings-growth ratio of 3.84 and a beta of 1.18.

Essentra Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, October 25th. Shareholders of record on Thursday, September 19th were given a dividend of GBX 1.25 ($0.02) per share. The ex-dividend date of this dividend was Thursday, September 19th. This represents a yield of 0.76%.

Insider Buying and Selling at Essentra

In other news, insider Scott Fawcett acquired 10,479 shares of Essentra stock in a transaction dated Wednesday, September 18th. The stock was acquired at an average cost of GBX 142 ($1.84) per share, for a total transaction of £14,880.18 ($19,319.89). Corporate insiders own 0.99% of the company’s stock.

Essentra Company Profile

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.