Essentra PLC (LON:ESNT) Earns Buy Rating from Deutsche Bank AG
Essentra PLC (LON:ESNT)‘s stock had its “buy” rating reissued by research analysts at Deutsche Bank AG in a note issued to investors on Monday. They presently have a GBX 600 ($7.77) price target on the stock. Deutsche Bank AG’s price target would suggest a potential upside of 11.11% from the stock’s current price.
A number of other equities analysts have also recently issued reports on the stock. Citigroup Inc. cut shares of Essentra PLC to a “sell” rating and upped their price objective for the stock from GBX 430 ($5.57) to GBX 440 ($5.70) in a research report on Friday, April 21st. Numis Securities Ltd reiterated an “add” rating and set a GBX 565 ($7.32) price objective on shares of Essentra PLC in a research report on Friday, April 21st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 507.60 ($6.58).
Shares of Essentra PLC (LON ESNT) opened at 542.00 on Monday. Essentra PLC has a 52 week low of GBX 366.70 and a 52 week high of GBX 654.11. The firm’s 50-day moving average is GBX 567.32 and its 200 day moving average is GBX 508.98. The company’s market capitalization is GBX 1.42 billion.
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In other news, insider Paul Forman acquired 20,000 shares of Essentra PLC stock in a transaction dated Thursday, April 20th. The shares were bought at an average cost of GBX 526 ($6.81) per share, with a total value of £105,200 ($136,269.43).
About Essentra PLC
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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