Essentra (LON:ESNT) Price Target Cut to GBX 200

Essentra (LON:ESNT) had its price objective reduced by Deutsche Bank Aktiengesellschaft from GBX 240 ($3.17) to GBX 200 ($2.64) in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 39.86% from the company’s previous close.

A number of other equities analysts have also recently issued reports on the company. Berenberg Bank reiterated a “buy” rating and issued a GBX 255 ($3.37) price objective on shares of Essentra in a report on Thursday, May 23rd. Jefferies Financial Group cut their price objective on Essentra from GBX 260 ($3.43) to GBX 250 ($3.30) and set a “buy” rating for the company in a report on Friday, July 12th.

Essentra Price Performance

ESNT opened at GBX 143 ($1.89) on Tuesday. The stock has a 50-day moving average price of GBX 166.28 and a 200-day moving average price of GBX 170.95. Essentra has a 12-month low of GBX 125.92 ($1.66) and a 12-month 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. The stock has a market capitalization of £411.43 million, a P/E ratio of 7,980.00, a PEG ratio of 3.84 and a beta of 1.18.

Essentra Company Profile

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.