Berenberg Bank Reiterates Buy Rating for Essentra (LON:ESNT)

Essentra (LON:ESNT)‘s stock had its “buy” rating reissued by investment analysts at Berenberg Bank in a research note issued on Wednesday,London Stock Exchange reports. They currently have a GBX 170 ($2.19) price target on the stock. Berenberg Bank’s price objective would suggest a potential upside of 64.09% from the company’s current price.

Essentra Stock Performance

LON ESNT traded down GBX 0.80 ($0.01) during trading hours on Wednesday, hitting GBX 103.60 ($1.33). The company had a trading volume of 3,525,021 shares, compared to its average volume of 2,665,744. The business has a 50 day moving average of GBX 118.66 and a 200-day moving average of GBX 136.03. The company has a market cap of £297.78 million, a PE ratio of 85.34, a price-to-earnings-growth ratio of 3.84 and a beta of 1.18. Essentra has a 1-year low of GBX 103 ($1.33) and a 1-year high of GBX 191.80 ($2.47). The company has a debt-to-equity ratio of 51.89, a quick ratio of 0.50 and a current ratio of 1.97.

Essentra (LON:ESNT) last announced its earnings results on Wednesday, March 19th. The company reported GBX 8.50 ($0.11) earnings per share (EPS) for the quarter. Essentra had a return on equity of 1.28% and a net margin of 1.13%. As a group, equities research analysts expect that Essentra will post 524.137931 EPS for the current year.

Insider Activity at Essentra

In related news, insider Steve Good purchased 35,000 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The shares were purchased at an average price of GBX 109 ($1.40) per share, for a total transaction of £38,150 ($49,118.06). Also, insider Rowan Baker acquired 10,036 shares of the firm’s stock in a transaction on Monday, March 24th. The shares were bought at an average cost of GBX 104 ($1.34) per share, with a total value of £10,437.44 ($13,438.19). 0.99% of the stock is owned by insiders.

About Essentra