Essentra’s (ESNT) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank restated their buy rating on shares of Essentra (LON:ESNT) in a research note released on Wednesday, Marketbeat.com reports. They currently have a GBX 170 ($2.20) price target on the stock.

Essentra Trading Down 0.8 %

ESNT opened at GBX 102.60 ($1.33) on Wednesday. The company has a debt-to-equity ratio of 51.89, a quick ratio of 0.50 and a current ratio of 1.97. Essentra has a one year low of GBX 102.56 ($1.33) and a one year high of GBX 191.80 ($2.48). The company has a market cap of £294.91 million, a P/E ratio of 84.52, a PEG ratio of 3.84 and a beta of 1.18. The business’s 50-day simple moving average is GBX 117.84 and its 200-day simple moving average is GBX 135.57.

Essentra (LON:ESNT) last announced its quarterly earnings results on Wednesday, March 19th. The company reported GBX 8.50 ($0.11) EPS for the quarter. Essentra had a net margin of 1.13% and a return on equity of 1.28%. As a group, equities research analysts expect that Essentra will post 524.137931 EPS for the current fiscal year.

Essentra Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, July 3rd. Investors of record on Thursday, May 15th will be given a GBX 1.55 ($0.02) dividend. The ex-dividend date is Thursday, May 15th. This is a boost from Essentra’s previous dividend of $1.25. This represents a yield of 1.41%. Essentra’s payout ratio is 329.52%.

Insiders Place Their Bets

In other Essentra news, insider Steve Good acquired 35,000 shares of the company’s stock in a transaction on Thursday, March 20th. The shares were bought at an average cost of GBX 109 ($1.41) per share, for a total transaction of £38,150 ($49,378.72). Also, insider Rowan Baker bought 10,036 shares of Essentra stock in a transaction dated Monday, March 24th. The stock was acquired at an average cost of GBX 104 ($1.35) per share, with a total value of £10,437.44 ($13,509.50). Corporate insiders own 0.99% of the company’s stock.

About Essentra