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 trading on Monday . The company traded as low as GBX 79.60 and last traded at GBX 81.50, with a volume of 533506 shares. The stock had previously closed at GBX 81.49.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Berenberg Bank reissued a “buy” rating and set a GBX 160 target price on shares of Essentra in a research note on Thursday, March 19th. Deutsche Bank Aktiengesellschaft lowered their price target on Essentra from GBX 150 to GBX 100 and set a “hold” rating on the stock in a report on Monday, April 13th. Jefferies Financial Group reissued a “buy” rating and set a GBX 130 price target on shares of Essentra in a research report on Wednesday, April 15th. Finally, Royal Bank Of Canada decreased their price objective on Essentra to GBX 130 and set an “outperform” rating for the company in a research report on Wednesday, March 18th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Essentra presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 150.

Essentra Trading Up 0.0%

The business’s 50-day simple moving average is GBX 88.47 and its 200-day simple moving average is GBX 95.55. The company has a current ratio of 2.20, a quick ratio of 0.50 and a debt-to-equity ratio of 47.67. The company has a market cap of £231.39 million, a PE ratio of 116.43, a P/E/G ratio of 3.84 and a beta of 0.90.

Essentra (LON:ESNT) last posted its quarterly 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, analysts expect that Essentra plc will post 524.137931 EPS for the current fiscal year.

Insider Transactions at Essentra

In other news, insider Rowan Baker acquired 9,477 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The shares were purchased at an average price of GBX 84 per share, for a total transaction of £7,960.68. Also, insider Steve Good bought 40,000 shares of Essentra stock in a transaction on Tuesday, March 17th. The stock was acquired at an average price of GBX 93 per share, with a total value of £37,200. Insiders purchased 91,194 shares of company stock valued at $8,208,359 over the last 90 days. Company insiders own 0.48% of the company’s stock.

Essentra Company Profile

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.