Insider Buying: Essentra PLC (ESNT) Insider Purchases 20,000 Shares of Stock
Essentra PLC (LON:ESNT) insider Paul Forman bought 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 20th. The shares were purchased at an average cost of GBX 526 ($6.62) per share, with a total value of £105,200 ($132,410.32).
Essentra PLC (LON:ESNT) opened at 519.50 on Monday. Essentra PLC has a one year low of GBX 366.70 and a one year high of GBX 890.50. The firm’s market capitalization is GBX 1.36 billion. The firm has a 50-day moving average price of GBX 528.04 and a 200-day moving average price of GBX 477.83.
The firm also recently declared a dividend, which will be paid on Tuesday, May 2nd. Stockholders of record on Thursday, March 16th will be issued a GBX 14.40 ($0.18) dividend. This is a boost from Essentra PLC’s previous dividend of $6.30. This represents a dividend yield of 2.97%. The ex-dividend date of this dividend is Thursday, March 16th.
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A number of equities research analysts recently commented on the company. Numis Securities Ltd reaffirmed an “add” rating and set a GBX 565 ($7.11) target price on shares of Essentra PLC in a report on Friday. Citigroup Inc downgraded Essentra PLC to a “sell” rating and lifted their target price for the stock from GBX 430 ($5.41) to GBX 440 ($5.54) in a report on Friday. Deutsche Bank AG raised Essentra PLC to a “buy” rating and lifted their target price for the stock from GBX 425 ($5.35) to GBX 600 ($7.55) in a report on Monday, February 27th. Finally, Jefferies Group LLC lifted their target price on Essentra PLC from GBX 450 ($5.66) to GBX 507 ($6.38) and gave the stock a “hold” rating in a report on Friday, February 24th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. Essentra PLC has a consensus rating of “Hold” and an average target price of GBX 507.60 ($6.39).
Essentra PLC Company Profile
Essentra plc is a supplier of plastic, fiber, foam and packaging products. The Company operates through three segments. The Component Solutions segment includes the components, pipe protection technologies (PPT), extrusion and security businesses. The Health & Personal Care Packaging segment includes specialty tapes business and is a global provider of packaging and authentication solutions to a diversified customer base in the health & personal care, consumer and specialist packaging sectors, and to the paper and board industries.
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