Essentra (ESNT) Given Buy Rating at Peel Hunt

Peel Hunt reiterated their buy rating on shares of Essentra (LON:ESNT) in a report released on Monday, ThisIsMoney.Co.Uk reports.

ESNT has been the subject of a number of other research reports. Numis Securities upgraded shares of Essentra to a buy rating and cut their price objective for the company from GBX 510 ($6.66) to GBX 485 ($6.34) in a report on Wednesday, May 1st. Stifel Nicolaus downgraded shares of Essentra to a hold rating in a report on Tuesday, May 7th. Finally, Deutsche Bank cut their price target on shares of 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 analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of GBX 475 ($6.21).

ESNT stock opened at GBX 406.60 ($5.31) on Monday. The stock has a market capitalization of $1.07 billion and a price-to-earnings ratio of 44.20. The company has a debt-to-equity ratio of 51.52, a current ratio of 1.67 and a quick ratio of 0.98. Essentra has a 12 month low of GBX 324.80 ($4.24) and a 12 month high of GBX 517 ($6.76).

The company also recently declared a dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, April 25th will be issued a dividend of GBX 14.40 ($0.19) per share. The ex-dividend date of this dividend is Thursday, April 25th. This represents a dividend yield of 3.71%. This is an increase from Essentra’s previous dividend of $6.30. Essentra’s dividend payout ratio (DPR) is currently 2.28%.

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

Essentra Company Profile

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.

Further Reading: What is the Stochastic Momentum Index (SMI)?

Analyst Recommendations for Essentra (LON:ESNT)

Receive News & Ratings for Essentra Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Essentra and related companies with's FREE daily email newsletter.