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

Essentra plc (LON:ESNT) shares reached a new 52-week low during trading on Tuesday . The stock traded as low as GBX 79.70 and last traded at GBX 82.60, with a volume of 466811 shares changing hands. The stock had previously closed at GBX 81.90.

Wall Street Analyst Weigh In

ESNT has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft dropped their target price on Essentra from GBX 150 to GBX 100 and set a “hold” rating on the stock in a research report on Monday, April 13th. Berenberg Bank reiterated a “buy” rating and set a GBX 160 target price on shares of Essentra in a research report on Thursday, March 19th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 130 target price on shares of Essentra in a research report on Wednesday, April 15th. Finally, Royal Bank Of Canada dropped their target price on Essentra to GBX 130 and set an “outperform” rating on the stock in a research report on Wednesday, March 18th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 150.

Essentra Price Performance

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 company has a 50-day simple moving average of GBX 92.47 and a 200-day simple moving average of GBX 97.25. The company has a market cap of £234.87 million, a price-to-earnings ratio of 118.00, a PEG ratio of 3.84 and a beta of 0.90.

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

Insider Transactions at Essentra

In other news, insider Steve Good purchased 40,000 shares of the stock in a transaction that occurred on Tuesday, March 17th. The shares were acquired at an average price of GBX 93 per share, for a total transaction of £37,200. Also, insider Scott Fawcett purchased 17,483 shares of the stock in a transaction that occurred on Wednesday, April 15th. The stock was purchased at an average price of GBX 86 per share, for a total transaction of £15,035.38. In the last 90 days, insiders have acquired 91,194 shares of company stock worth $8,208,359. 0.48% of the stock is currently owned by insiders.

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.