Essentra (LON:ESNT) Sets New 1-Year High – Here’s What Happened

Shares of Essentra plc (LON:ESNT) hit a new 52-week high during trading on Monday . The company traded as high as GBX 114.40 and last traded at GBX 111.80, with a volume of 366354 shares traded. The stock had previously closed at GBX 114.

Analysts Set New Price Targets

ESNT has been the subject of several recent research reports. Jefferies Financial Group restated a “buy” rating and set a GBX 130 target price on shares of Essentra in a report on Wednesday, July 29th. Royal Bank Of Canada lifted their price target on shares of Essentra from GBX 130 to GBX 140 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 100 price target on shares of Essentra in a research report on Thursday, May 21st. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 132.50.

Essentra Stock Performance

The stock has a market capitalization of £314.07 million, a P/E ratio of 44.32, a P/E/G ratio of 3.84 and a beta of 0.86. The stock has a 50 day simple moving average of GBX 90.12 and a two-hundred day simple moving average of GBX 92.24. The company has a quick ratio of 0.50, a current ratio of 2.33 and a debt-to-equity ratio of 53.28.

Essentra (LON:ESNT) last announced its quarterly earnings data on Tuesday, July 28th. The company reported GBX 7.20 earnings per share (EPS) for the quarter. Essentra had a return on equity of 2.02% and a net margin of 1.71%. On average, equities analysts forecast that Essentra plc will post 524.137931 EPS for the current fiscal year.

About Essentra

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 27 countries worldwide and includes c.3,000 employees, 14 manufacturing facilities, 25 distribution centres and 35 sales & service centres serving c.76,000 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.