Essentra (LON:ESNT) Rating Reaffirmed
London: In recent note distributed on Tuesday morning, Jefferies International has decided to reaffirm their Buy rating on Essentra (LON:ESNT) shares. They now have a GBX 1000.00 target price per share on the firm. Jefferies International’s target would suggest a potential upside of 18.41% from the company’s current stock price.
From a total of 2 analysts covering Essentra (LON:ESNT) stock, 1 rate it a ”Buy”, 0 a “Sell”, and 1 a ”Hold”. This means that 50% of the ratings are positive. The highest target price is GBX 975 while the lowest target price is GBX 955. The mean of all analyst targets is GBX 965 with a 14.27% above today’s (GBX 844.5) stock price. Essentra was the topic of 6 analyst reports since August 3, 2015 according to the firm StockzIntelligence Inc. JP Morgan maintained shares on October 19 with “Neutral” rating.
The stock closed the day at GBX 844.5 during the previous session. It is down 13.38% since May 18, 2015 and is downtrending. It has underperformed by 9.71% the S&P500.
The overall sentiment of institutions has decreased to 1.41 in Q2 2015. Its down 0.59, from 2 in 2015Q2. The ratio is negative, as 18 institutions have sold all the shares of Essentra PLC that they owned while 40 funds have taken shares off the table. 23 funds have purchased shares for the first time while 59 added to their positions. These institutions now hold 86.03 million shares or 10.18% more than the 78.08 million shares they owned in 2015Q2.
The Fund Partnerre Principal Finance Inc. currently is holding shares equating to 100% of its total portfolio in Essentra PLC representing a total of 2.90 million shares. Another fund,Pine Brook Road Advisors Lp, is holding a total of 9.46 million shares equating to 49.38% of their holdings. Additionally, Soros Fund Management Llc has a 2.98 million share stake in Essentra PLC which represents 1.12% of their total portfolio. The Fund, Hutchin Hill Capital Lp, based out of New York, has also built up a stake in the stock, which represents a total of 0.95% of their total portfolio. Finally Endeavour Capital Advisors Inc, a fund which is based in the state of Connecticut reported a total holdings of 452,071 shares.
Insider activity is a very important aspect to track on any stock. Going back to April 17, 2015, shareholders of Essentra PLC have witnessed 0 insider buys, and a total of 1 sale equating to a net activity of approximately $70.85 million . Pbra (Cayman) Co sold 2.60M shares worth approximately $70.85 million. Mcalee Lawrence E Jr sold 4,000 shares worth approximately $107,000. Gibbons Mary Lourdes sold 8,000 shares worth approximately $216,000.
Essentra plc is a manufacturer and distributor of plastic injection molded, vinyl dip molded and metal items. The company has a market cap of 2.21 billion GBP. The Firm operates in five business divisions: Component & Protection Solutions, Porous Technologies, Packaging & Securing Solutions, Filter Products and Other. It has 30.18 P/E ratio. The Component & Protection Solutions consists of a Component Distribution business and a Pipe Protection Technologies business.
According to Zacks Investment Research, “Essent Group Ltd., through its subsidiaries, operates as a private mortgage insurance company. It serves originators of residential mortgage loans, such as regulated depository institutions, mortgage banks, credit unions, and other lenders. Essent Group Ltd. is based in Hamilton, Bermuda.”