Essentra (LON:ESNT) Earns “Buy” Rating from Peel Hunt

Essentra (LON:ESNT)‘s stock had its “buy” rating reissued by investment analysts at Peel Hunt in a research report issued on Tuesday, Marketbeat.com reports. They presently have a GBX 230 ($3.05) price target on the stock. Peel Hunt’s target price indicates a potential upside of 116.57% from the stock’s current price.

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 170 ($2.25) price objective on shares of Essentra in a research note on Wednesday, May 21st.

Essentra Price Performance

ESNT stock opened at GBX 106.20 ($1.41) on Tuesday. The company’s 50-day moving average is GBX 103.21 and its 200-day moving average is GBX 106.57. Essentra has a 1 year low of GBX 88.53 ($1.17) and a 1 year high of GBX 180.80 ($2.40). The company has a debt-to-equity ratio of 51.89, a current ratio of 1.97 and a quick ratio of 0.50. The stock has a market capitalization of £305.26 million, a PE ratio of 87.49, a price-to-earnings-growth ratio of 3.84 and a beta of 1.18.

Essentra (LON:ESNT) last announced its quarterly earnings results on Tuesday, July 29th. The company reported GBX 3.40 ($0.05) earnings per share for the quarter. Essentra had a net margin of 1.13% and a return on equity of 1.28%. Equities research analysts expect that Essentra will post 524.137931 EPS for the current fiscal year.

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.