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

Essentra plc (LON:ESNT) shares reached a new 52-week high on Friday. The company traded as high as GBX 117.80 and last traded at GBX 115, with a volume of 1098124 shares traded. The stock had previously closed at GBX 111.40.

Analyst Ratings Changes

Several brokerages have commented on ESNT. Berenberg Bank lowered their price objective on shares of Essentra from GBX 160 to GBX 140 and set a “buy” rating for the company in a research report on Friday, August 14th. Royal Bank Of Canada raised 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, Jefferies Financial Group restated a “buy” rating and set a GBX 130 price target on shares of Essentra in a report on Wednesday, July 29th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 127.50.

Essentra Price Performance

The company has a debt-to-equity ratio of 53.28, a quick ratio of 0.50 and a current ratio of 2.33. The business has a 50 day simple moving average of GBX 108.92 and a 200-day simple moving average of GBX 94.28. The firm has a market cap of £325.24 million, a price-to-earnings ratio of 46.00, a P/E/G ratio of 3.84 and a beta of 0.86.

Essentra (LON:ESNT) last released its quarterly earnings results on Tuesday, July 28th. The company reported GBX 7.20 earnings per share for the quarter. Essentra had a net margin of 1.71% and a return on equity of 2.02%. Equities research analysts expect that Essentra plc will post 524.137931 earnings per share for the current year.

About Essentra

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.