Essentra (LON:ESNT) PT Lowered to GBX 200 at Deutsche Bank Aktiengesellschaft

by · The Cerbat Gem

Essentra (LON:ESNT – Free Report) had its price target decreased by Deutsche Bank Aktiengesellschaft from GBX 240 ($3.17) to GBX 200 ($2.64) in a report published on Tuesday morning, MarketBeat.com reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

ESNT has been the subject of a number of other reports. Berenberg Bank reissued a buy rating and issued a GBX 255 ($3.37) price target on shares of Essentra in a report on Thursday, May 23rd. Jefferies Financial Group cut their target price on shares of Essentra from GBX 260 ($3.43) to GBX 250 ($3.30) and set a buy rating for the company in a research note on Friday, July 12th.

Check Out Our Latest Analysis on ESNT

Essentra Stock Up 2.3 %

ESNT stock opened at GBX 145 ($1.92) on Tuesday. The firm’s 50-day moving average is GBX 165.85 and its two-hundred day moving average is GBX 170.76. The company has a market capitalization of £417.18 million, a price-to-earnings ratio of 7,980.00, a price-to-earnings-growth ratio of 3.84 and a beta of 1.18. Essentra has a 52 week low of GBX 125.92 ($1.66) and a 52 week high of GBX 191.80 ($2.53). The company has a current ratio of 1.97, a quick ratio of 0.50 and a debt-to-equity ratio of 51.89.

Essentra Cuts Dividend

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

Insider Activity

In other news, insider Scott Fawcett bought 10,479 shares of the company’s stock in a transaction on Wednesday, September 18th. The shares were bought at an average cost of GBX 142 ($1.88) per share, with a total value of £14,880.18 ($19,656.78). 0.93% of the stock is currently owned by corporate insiders.

Essentra Company Profile

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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.

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