Numis Securities Ltd Downgrades Essentra PLC (ESNT) to Add
Essentra PLC (LON:ESNT) was downgraded by research analysts at Numis Securities Ltd to an “add” rating in a research note issued on Tuesday. They currently have a GBX 470 ($5.87) price objective on the stock. Numis Securities Ltd’s price target would indicate a potential upside of 19.50% from the stock’s previous close.
A number of other equities analysts have also recently issued reports on the stock. JPMorgan Chase & Co. cut shares of Essentra PLC to a “neutral” rating and lowered their price objective for the stock from GBX 710 ($8.87) to GBX 700 ($8.75) in a research report on Wednesday, July 27th. Citigroup Inc. lowered their price objective on shares of Essentra PLC from GBX 730 ($9.12) to GBX 700 ($8.75) and set a “buy” rating for the company in a research report on Monday, August 1st. Deutsche Bank AG reiterated a “hold” rating and set a GBX 670 ($8.37) price objective on shares of Essentra PLC in a research report on Monday, August 1st. Finally, Jefferies Group reiterated a “buy” rating and set a GBX 615 ($7.68) price objective on shares of Essentra PLC in a research report on Friday, August 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of GBX 610.33 ($7.63).
Shares of Essentra PLC (LON:ESNT) opened at 376.40 on Tuesday. The firm’s market capitalization is GBX 982.02 million. Essentra PLC has a 12-month low of GBX 366.70 and a 12-month high of GBX 899.50. The firm has a 50-day moving average of GBX 498.61 and a 200 day moving average of GBX 575.36.
Essentra PLC Company Profile
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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