Essentra (ESNT) Lifted to Buy at Numis Securities

Numis Securities upgraded shares of Essentra (LON:ESNT) to a buy rating in a report issued on Monday morning. Numis Securities currently has GBX 485 ($6.34) price objective on the stock.

A number of other brokerages have also recently commented on ESNT. Peel Hunt reissued a buy rating on shares of Essentra in a research note on Tuesday, July 31st. Jefferies Financial Group reissued a hold rating on shares of Essentra in a research note on Wednesday, September 5th. Finally, Deutsche Bank lowered their price objective on shares of Essentra from GBX 550 ($7.19) to GBX 460 ($6.01) and set a buy rating on the stock in a research note on Wednesday, September 19th.

Shares of LON ESNT opened at GBX 383.40 ($5.01) on Monday. Essentra has a 52 week low of GBX 438.02 ($5.72) and a 52 week high of GBX 588.50 ($7.69).

In other Essentra news, insider Ralf K. Wunderlich purchased 10,000 shares of the business’s stock in a transaction that occurred on Monday, October 22nd. The shares were purchased at an average price of GBX 352 ($4.60) per share, for a total transaction of £35,200 ($45,995.03). Also, insider Paul Forman purchased 20,000 shares of the business’s stock in a transaction that occurred on Monday, October 29th. The stock was acquired at an average price of GBX 370 ($4.83) per share, for a total transaction of £74,000 ($96,694.11). Insiders purchased 70,000 shares of company stock worth $27,640,000 in the last 90 days.

Essentra Company Profile

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.

Further Reading: Bear Market

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