Essentra PLC (ESNT) Stock Rating Reaffirmed by Numis Securities Ltd

Essentra PLC (LON:ESNT)‘s stock had its “buy” rating reiterated by stock analysts at Numis Securities Ltd in a research report issued on Wednesday. They currently have a GBX 635 ($7.86) price objective on the stock. Numis Securities Ltd’s price objective would suggest a potential upside of 22.35% from the stock’s previous close.

Other equities research analysts also recently issued reports about the company. Jefferies Group decreased their price objective on Essentra PLC from GBX 950 ($11.76) to GBX 715 ($8.85) and set a “buy” rating on the stock in a research report on Friday, July 15th. JPMorgan Chase & Co. upped their price objective on Essentra PLC from GBX 693 ($8.58) to GBX 710 ($8.79) and gave the company an “overweight” rating in a research report on Friday, July 8th. Deutsche Bank AG downgraded Essentra PLC to a “hold” rating and upped their price objective for the company from GBX 635 ($7.86) to GBX 670 ($8.29) in a research report on Tuesday, July 19th. Finally, Citigroup Inc. decreased their price objective on Essentra PLC from GBX 730 ($9.03) to GBX 700 ($8.66) and set a “buy” rating on the stock in a research report on Monday, August 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. Essentra PLC has a consensus rating of “Buy” and an average target price of GBX 637.83 ($7.89).

Analyst Recommendations for Essentra PLC (LON:ESNT)

Essentra PLC (LON:ESNT) opened at 523.50 on Wednesday. The stock’s market cap is GBX 1.37 billion. The firm’s 50-day moving average price is GBX 511.75 and its 200-day moving average price is GBX 639.57. Essentra PLC has a 52 week low of GBX 465.10 and a 52 week high of GBX 899.50.

The firm also recently announced a dividend, which will be paid on Monday, October 31st. Stockholders of record on Thursday, September 29th will be paid a dividend of GBX 6.30 ($0.08) per share. The ex-dividend date is Thursday, September 29th. This represents a dividend yield of 1.3%.

About Essentra PLC

Essentra plc is a United Kingdom-based manufacturer and distributor of plastic injection molded, vinyl dip molded and metal items. The Company’s segments include Component Solutions, Health & Personal Care Packaging and Filtration Products. The Component Solutions segment includes the components, pipe protection technologies (PPT), extrusion and security businesses each of which serves customers in light and heavy industry.

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