Essentra (LON:ESNT) Reaches New 12-Month Low – Here’s What Happened

Essentra plc (LON:ESNT)’s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 87.90 and last traded at GBX 89.27, with a volume of 749704 shares traded. The stock had previously closed at GBX 90.34.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Essentra from GBX 165 to GBX 150 and set a “buy” rating for the company in a research note on Thursday, January 15th. Jefferies Financial Group reiterated a “buy” rating on shares of Essentra in a report on Friday, March 20th. Berenberg Bank reiterated a “buy” rating and issued a GBX 160 price objective on shares of Essentra in a research report on Thursday, March 19th. Finally, Royal Bank Of Canada reduced their target price on Essentra to GBX 130 and set an “outperform” rating on the stock in a research report on Wednesday, March 18th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Essentra presently has a consensus rating of “Buy” and an average price target of GBX 164.

Essentra Stock Up 1.0%

The business’s 50 day moving average price is GBX 100.50 and its 200-day moving average price is GBX 100.36. The company has a debt-to-equity ratio of 47.67, a quick ratio of 0.50 and a current ratio of 2.20. The firm has a market capitalization of £260.04 million, a PE ratio of 27.67, a P/E/G ratio of 3.84 and a beta of 0.86.

Essentra (LON:ESNT) last posted its earnings results on Tuesday, March 17th. The company reported GBX 6.10 earnings per share for the quarter. Essentra had a net margin of 0.70% and a return on equity of 0.79%. As a group, equities research analysts forecast that Essentra plc will post 524.137931 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Kath Durrant bought 10,894 shares of the stock in a transaction that occurred on Tuesday, March 17th. The stock was bought at an average cost of GBX 91 per share, for a total transaction of £9,913.54. Also, insider Steve Good bought 40,000 shares of the company’s stock in a transaction on Tuesday, March 17th. The stock was purchased at an average cost of GBX 93 per share, with a total value of £37,200. In the last 90 days, insiders have bought 61,871 shares of company stock valued at $5,710,261. Corporate insiders own 0.48% of the company’s stock.

About Essentra

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.