Essentra (LON:ESNT) Price Target Lowered to GBX 200 at Deutsche Bank Aktiengesellschaft

Essentra (LON:ESNT) had its target price reduced by Deutsche Bank Aktiengesellschaft from GBX 240 ($3.17) to GBX 200 ($2.64) in a report released on Tuesday morning, Digital Look reports. They currently have a buy rating on the stock.

Other research analysts have also issued research reports about the company. Berenberg Bank reaffirmed a buy rating and issued a GBX 255 ($3.37) target price on shares of Essentra in a report on Thursday, May 23rd. Jefferies Financial Group decreased 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 research report on Friday, July 12th.

Essentra Stock Up 0.8 %

LON ESNT traded up GBX 1.20 ($0.02) on Tuesday, hitting GBX 143 ($1.89). 2,634,634 shares of the stock were exchanged, compared to its average volume of 704,005. Essentra has a fifty-two week low of GBX 125.92 ($1.66) and a fifty-two week high of GBX 191.80 ($2.53). The company has a 50-day moving average price of GBX 166.28 and a 200-day moving average price of GBX 170.95. The company has a market cap of £411.43 million, a PE ratio of 7,980.00, a PEG ratio of 3.84 and a beta of 1.18. The company has a quick ratio of 0.50, a current ratio of 1.97 and a debt-to-equity ratio of 51.89.

Essentra Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, October 25th. Shareholders of record on Thursday, September 19th will be issued a GBX 1.25 ($0.02) dividend. This represents a dividend yield of 0.76%. The ex-dividend date of this dividend is Thursday, September 19th.

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.