Essentra PLC (ESNT) Given “Buy” Rating at Numis Securities Ltd
Several other research firms have also recently issued reports on ESNT. Deutsche Bank AG cut Essentra PLC to a hold rating and raised their target price for the stock from GBX 635 ($7.86) to GBX 670 ($8.29) in a research note on Tuesday, July 19th. JPMorgan Chase & Co. cut Essentra PLC to a neutral rating and cut their target price for the stock from GBX 710 ($8.79) to GBX 700 ($8.66) in a research note on Wednesday, July 27th. Jefferies Group cut their target price on Essentra PLC from GBX 950 ($11.76) to GBX 715 ($8.85) and set a buy rating for the company in a research note on Friday, July 15th. Finally, Citigroup Inc. reissued a buy rating on shares of Essentra PLC in a research note on Tuesday, June 21st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of GBX 637.83 ($7.89).
Shares of Essentra PLC (LON:ESNT) opened at 517.75 on Wednesday. Essentra PLC has a 52 week low of GBX 465.10 and a 52 week high of GBX 899.50. The stock’s market capitalization is GBX 1.35 billion. The company’s 50 day moving average price is GBX 511.33 and its 200-day moving average price is GBX 640.41.
The business also recently announced a dividend, which will be paid on Monday, October 31st. Investors of record on Thursday, September 29th will be issued a GBX 6.30 ($0.08) dividend. The ex-dividend date is Thursday, September 29th. This represents a yield of 1.3%.
About Essentra PLC
Essentra plc is a United Kingdom-based manufacturer and distributor of plastic injection molded, vinyl dip molded and metal items. The Company’s segments include Component Solutions, Health & Personal Care Packaging and Filtration Products. The Component Solutions segment includes the components, pipe protection technologies (PPT), extrusion and security businesses each of which serves customers in light and heavy industry.
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