Essentra’s (ESNT) Buy Rating Reiterated at Peel Hunt

Peel Hunt reissued their buy rating on shares of Essentra (LON:ESNT) in a research report released on Thursday. They currently have a GBX 550 ($7.88) price target on the stock.

A number of other research firms also recently issued reports on ESNT. Jefferies Group reiterated a hold rating and set a GBX 510 ($7.30) price target on shares of Essentra in a research report on Thursday, February 22nd. Numis Securities reiterated a hold rating and set a GBX 500 ($7.16) price target on shares of Essentra in a research report on Monday, March 5th. Finally, Deutsche Bank reiterated a buy rating on shares of Essentra in a research report on Friday, April 6th.

ESNT stock opened at GBX 435.60 ($6.24) on Thursday. Essentra has a 12-month low of GBX 438.02 ($6.27) and a 12-month high of GBX 588.50 ($8.43).

Essentra (LON:ESNT) last posted its quarterly earnings results on Friday, March 2nd. The company reported GBX 22.10 ($0.32) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of GBX 22.80 ($0.33) by GBX (0.70) (($0.01)). Essentra had a net margin of 2.91% and a return on equity of 4.67%. The company had revenue of GBX 102.73 billion for the quarter.

The business also recently declared a dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Thursday, March 15th will be given a dividend of GBX 14.40 ($0.21) per share. This represents a dividend yield of 2.93%. This is an increase from Essentra’s previous dividend of $6.30. The ex-dividend date is Thursday, March 15th.

In related news, insider Stefan Schellinger sold 9,489 shares of Essentra stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of GBX 464 ($6.64), for a total transaction of £44,028.96 ($63,042.61). Also, insider Paul Forman acquired 20,000 shares of the business’s stock in a transaction that occurred on Friday, March 16th. The shares were bought at an average price of GBX 461 ($6.60) per share, with a total value of £92,200 ($132,016.04). Over the last quarter, insiders have bought 47,500 shares of company stock valued at $12,697,500.

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About Essentra

Essentra plc manufactures and sells specialist plastic, fiber, foam, and packaging products worldwide. It operates through four divisions: Component, Packaging, Filter Products, and Specialist Components. The Component division offers plastic injection molded, vinyl dip-molded, and metal items for equipment manufacturing, automotive, fabrication, electronics, and construction industries; and component solutions for protection and finishing purposes.

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