Essentra (LON:ESNT) Upgraded to “Buy” by Numis Securities

Numis Securities upgraded shares of Essentra (LON:ESNT) to a buy rating in a report published on Wednesday, May 1st, ThisIsMoney.Co.Uk reports. They currently have GBX 485 ($6.34) price objective on the stock, down from their previous price objective of GBX 510 ($6.66).

Several other research analysts have also recently commented on ESNT. Peel Hunt reiterated a buy rating on shares of Essentra in a research note on Tuesday, January 15th. Deutsche Bank lowered their target price on Essentra from GBX 460 ($6.01) to GBX 420 ($5.49) and set a buy rating for the company in a report on Wednesday, February 27th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Essentra currently has an average rating of Buy and a consensus target price of GBX 475 ($6.21).

Shares of LON:ESNT traded down GBX 2.40 ($0.03) during trading on Wednesday, hitting GBX 411.60 ($5.38). The company’s stock had a trading volume of 423,992 shares, compared to its average volume of 637,881. The company has a debt-to-equity ratio of 51.52, a quick ratio of 0.98 and a current ratio of 1.67. Essentra has a fifty-two week low of GBX 324.80 ($4.24) and a fifty-two week high of GBX 517 ($6.76). The stock has a market cap of $1.08 billion and a price-to-earnings ratio of 44.74.

The firm also recently disclosed a dividend, which will be paid on Monday, June 3rd. Investors of record on Thursday, April 25th will be issued a GBX 14.40 ($0.19) dividend. This represents a yield of 3.71%. This is a positive change from Essentra’s previous dividend of $6.30. The ex-dividend date of this dividend is Thursday, April 25th. Essentra’s dividend payout ratio is 2.28%.

In other Essentra news, insider Jon Green sold 1,207 shares of the stock in a transaction on Thursday, April 11th. The shares were sold at an average price of GBX 410 ($5.36), for a total transaction of £4,948.70 ($6,466.35). Also, insider Paul Forman bought 20,000 shares of the stock in a transaction on Tuesday, May 7th. The shares were acquired at an average cost of GBX 393 ($5.14) per share, for a total transaction of £78,600 ($102,704.82).

About Essentra

Essentra plc manufactures and sells specialist plastic, fiber, foam, and packaging products worldwide. It operates through four divisions: Component, Packaging, Filter Products, and Specialist Components. The Component division offers plastic injection molded, vinyl dip-molded, and metal items for equipment manufacturing, automotive, fabrication, electronics, and construction industries; and component solutions for protection and finishing purposes.

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Analyst Recommendations for Essentra (LON:ESNT)

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