Essentra (LON:ESNT) Receives Buy Rating from Berenberg Bank

Berenberg Bank restated their buy rating on shares of Essentra (LON:ESNT) in a research report sent to investors on Thursday, MarketBeat Ratings reports. Berenberg Bank currently has a GBX 200 ($2.60) target price on the stock.

A number of other research analysts also recently weighed in on ESNT. Deutsche Bank Aktiengesellschaft lowered their price target on Essentra from GBX 240 ($3.12) to GBX 200 ($2.60) and set a “buy” rating on the stock in a report on Tuesday, September 17th. Jefferies Financial Group lowered their target price on Essentra from GBX 260 ($3.38) to GBX 250 ($3.25) and set a “buy” rating on the stock in a research note on Friday, July 12th.

Essentra Price Performance

Shares of LON:ESNT opened at GBX 151.70 ($1.97) on Thursday. The company has a debt-to-equity ratio of 51.89, a quick ratio of 0.50 and a current ratio of 1.97. The company has a market capitalization of £435.58 million, a PE ratio of 7,980.00, a price-to-earnings-growth ratio of 3.84 and a beta of 1.18. The stock has a fifty day moving average of GBX 159.62 and a 200-day moving average of GBX 166.60. Essentra has a one year low of GBX 125.92 ($1.63) and a one year high of GBX 191.80 ($2.49).

Essentra Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, October 25th. Investors of record on Thursday, September 19th will be issued a GBX 1.25 ($0.02) dividend. The ex-dividend date is Thursday, September 19th. This represents a yield of 0.76%.

Insider Transactions at Essentra

In related news, insider Scott Fawcett bought 10,479 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was acquired at an average cost of GBX 142 ($1.84) per share, with a total value of £14,880.18 ($19,319.89). Insiders own 0.99% of the company’s stock.

About Essentra

Essentra plc manufactures and distributes plastic injection and vinyl dip moulded, and metal components worldwide. The company offers cable ties and conduit, and accessories; grommets, strain relief, and blanking plugs; cable glands and accessories; caps and plugs; card guides and pullers; circuit board hardware products; EMI suppression ferrite cores; fan accessories comprising filters and fan mounting accessories; screws and nuts; rivet and panel fasteners; barbed and push-fit fasteners; binder screws and snap fasteners; washers; spacers; brushes; feet; fibre management; and furniture fittings.