Peel Hunt Reaffirms “Buy” Rating for Essentra (LON:ESNT)
Peel Hunt reaffirmed their buy rating on shares of Essentra (LON:ESNT) in a research note issued to investors on Monday, ThisIsMoney.Co.Uk reports.
Other analysts have also issued reports about the company. Deutsche Bank reaffirmed a buy rating and issued a GBX 430 ($5.62) price objective on shares of in a research note on Friday, June 21st. Numis Securities restated a buy rating and set a GBX 1,800 ($23.52) price objective on shares of in a research report on Monday, June 3rd. Finally, Stifel Nicolaus downgraded Essentra to a hold rating in a research report on Tuesday, May 7th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of GBX 478.33 ($6.25).
LON:ESNT opened at GBX 423.20 ($5.53) on Monday. The company has a 50-day simple moving average of GBX 413.56. The firm has a market capitalization of $1.11 billion and a price-to-earnings ratio of 46.00. The company has a quick ratio of 0.98, a current ratio of 1.67 and a debt-to-equity ratio of 51.52. Essentra has a twelve month low of GBX 324.80 ($4.24) and a twelve month high of GBX 517 ($6.76).
Essentra plc manufactures and sells specialist plastic, fiber, foam, and packaging products worldwide. It operates through four divisions: Component, Packaging, Filter Products, and Specialist Components. The Component division offers plastic injection molded, vinyl dip-molded, and metal items for equipment manufacturing, automotive, fabrication, electronics, and construction industries; and component solutions for protection and finishing purposes.
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