Essentra (LON:ESNT) Sets New 52-Week Low – Time to Sell?

Essentra plc (LON:ESNT) reached a new 52-week low on Monday . The stock traded as low as GBX 79.60 and last traded at GBX 81.50, with a volume of 533506 shares trading hands. The stock had previously closed at GBX 81.49.

Analyst Ratings Changes

Several research firms have recently issued reports on ESNT. Berenberg Bank reiterated a “buy” rating and set a GBX 160 price target on shares of Essentra in a research note on Thursday, March 19th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 130 target price on shares of Essentra in a research report on Wednesday, April 15th. Royal Bank Of Canada dropped their price target on shares of Essentra to GBX 130 and set an “outperform” rating on the stock in a research report on Wednesday, March 18th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Essentra from GBX 150 to GBX 100 and set a “hold” rating for the company in a report on Monday, April 13th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 150.

Essentra Stock Performance

The stock has a market cap of £231.39 million, a P/E ratio of 116.43, a P/E/G ratio of 3.84 and a beta of 0.90. The firm has a 50 day moving average of GBX 88.47 and a two-hundred day moving average of GBX 95.55. The company has a debt-to-equity ratio of 47.67, a quick ratio of 0.50 and a current ratio of 2.20.

Essentra (LON:ESNT) last issued its quarterly earnings results on Tuesday, March 17th. The company reported GBX 6.10 EPS for the quarter. Essentra had a return on equity of 0.79% and a net margin of 0.70%. On average, research analysts predict that Essentra plc will post 524.137931 EPS for the current fiscal year.

Insider Activity at Essentra

In related news, insider Steve Good bought 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was purchased at an average cost of GBX 93 per share, for a total transaction of £37,200. Also, insider Rowan Baker purchased 10,977 shares of Essentra stock in a transaction on Tuesday, March 17th. The stock was bought at an average cost of GBX 91 per share, with a total value of £9,989.07. Over the last ninety days, insiders acquired 91,194 shares of company stock worth $8,208,359. 0.48% of the stock is owned by insiders.

Essentra Company Profile

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 28 countries worldwide and includes c.3,000 employees, 14 manufacturing facilities, 26 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.