Essentra (ESNT) Earns Buy Rating from Numis Securities

Numis Securities restated their buy rating on shares of Essentra (LON:ESNT) in a report issued on Thursday, ThisIsMoney.Co.Uk reports.

A number of other research firms have also issued reports on ESNT. Deutsche Bank lowered their target price on shares of Essentra from GBX 460 ($6.01) to GBX 420 ($5.49) and set a buy rating on the stock in a research note on Wednesday, February 27th. Peel Hunt reiterated a buy rating on shares of Essentra in a research note on Friday, March 1st. Finally, Stifel Nicolaus lowered shares of Essentra to a hold rating in a research note on Tuesday, May 7th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Essentra presently has an average rating of Buy and an average target price of GBX 475 ($6.21).

Shares of ESNT traded down GBX 2.40 ($0.03) during mid-day trading on Thursday, hitting GBX 411.60 ($5.38). 395,728 shares of the company’s stock were exchanged, compared to its average volume of 637,881. Essentra has a twelve month low of GBX 324.80 ($4.24) and a twelve month high of GBX 517 ($6.76). The company has a quick ratio of 0.98, a current ratio of 1.67 and a debt-to-equity ratio of 51.52. The firm has a market cap of $1.09 billion and a price-to-earnings ratio of 44.74.

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

In related news, insider Jon Green sold 1,207 shares of the firm’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of GBX 410 ($5.36), for a total value of £4,948.70 ($6,466.35). Also, insider Paul Forman bought 20,000 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was purchased at an average price 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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