Royal Bank Of Canada Lowers Essentra (LON:ESNT) Price Target to GBX 130

Essentra (LON:ESNT) had its price objective reduced by equities research analysts at Royal Bank Of Canada from GBX 155 to GBX 130 in a research report issued on Tuesday, Marketbeat Ratings reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 24.76% from the company’s previous close.

A number of other equities research analysts have also weighed in on the company. Deutsche Bank Aktiengesellschaft decreased their target price on Essentra from GBX 165 to GBX 150 and set a “buy” rating for the company in a research report on Thursday, January 15th. Jefferies Financial Group decreased their price objective on Essentra from GBX 170 to GBX 150 and set a “buy” rating for the company in a report on Monday, November 10th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 160 target price on shares of Essentra in a report on Thursday, January 15th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Essentra currently has a consensus rating of “Buy” and a consensus target price of GBX 164.

Essentra Stock Performance

Essentra stock opened at GBX 104.20 on Tuesday. The company has a debt-to-equity ratio of 51.89, a quick ratio of 0.50 and a current ratio of 1.97. The company has a market capitalization of £297.01 million, a PE ratio of 31.58, a P/E/G ratio of 3.84 and a beta of 1.18. The company has a 50 day moving average price of GBX 98.23 and a 200-day moving average price of GBX 101.23. Essentra has a fifty-two week low of GBX 88.53 and a fifty-two week high of GBX 127.60.

About Essentra

Essentra plc is a leading global provider of essential components and solutions, focusing on the manufacture and distribution of plastic injection moulded, vinyl dip moulded and metal items.

Headquartered in the United Kingdom, Essentra’s global network extends to 28 countries worldwide and includes c.3,000 employees, 14 manufacturing facilities, 26 distribution centres and 37 sales & service centres serving c.64,000 customers with a rapid supply of low cost but essential products for a variety of applications in industries such as equipment manufacturing, automotive, fabrication, electronics, medical and renewable energy.