Essentra (LON:ESNT) Hits New 1-Year High – Time to Buy?

Shares of Essentra plc (LON:ESNT) hit a new 52-week high during mid-day trading on Thursday. The company traded as high as GBX 124 and last traded at GBX 121.11, with a volume of 1,958,413 shares traded. The stock had previously closed at GBX 113.

Analyst Ratings Changes

Several research firms recently issued reports on ESNT. Royal Bank Of Canada lifted their price objective on Essentra from GBX 130 to GBX 140 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Jefferies Financial Group restated a “buy” rating and issued a GBX 140 target price on shares of Essentra in a research note on Thursday. Finally, Berenberg Bank decreased their target price on Essentra from GBX 160 to GBX 140 and set a “buy” rating on the stock in a research note on Friday, August 14th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 130.

Essentra Price Performance

The business’s 50 day moving average is GBX 109.94 and its two-hundred day moving average is GBX 95.79. The firm has a market capitalization of £342.54 million, a PE ratio of 48.45, a P/E/G ratio of 3.84 and a beta of 0.86. The company has a debt-to-equity ratio of 53.28, a current ratio of 2.33 and a quick ratio of 0.50.

Essentra (LON:ESNT) last announced its earnings results on Tuesday, July 28th. The company reported GBX 7.20 earnings per share (EPS) for the quarter. Essentra had a net margin of 1.71% and a return on equity of 2.02%. As a group, research analysts anticipate that Essentra plc will post 524.14 EPS for the current year.

Essentra Company Profile

Essentra plc is a leading global manufacturer and supplier 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 27 countries worldwide and includes c.3,000 employees, 16 manufacturing facilities, 27 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.