Essentra (ESNT)

Sector:

Support

Index:

FTSE 250

 272.40p
   
  • Change Today:
      0.000p
  • 52 Week High: 449.00
  • 52 Week Low: 206.80
  • Currency: UK Pounds
  • Shares Issued: 263.22m
  • Volume: 0
  • Market Cap: £717.01m

Jefferies downgrades Essentra as new CEO repairs 'self-inflicted wounds'

By Oliver Haill

Date: Thursday 26 Jan 2017

LONDON (ShareCast) - (ShareCast News) - Jefferies downgraded its rating on Essentra to 'hold' as the cigarette filters and plastic packaging manufacturer's "self inflicted wounds" need time to repair.
The profit warning on 22 January outlined perfectly that new chief executive Paul Forman "has a sizeable job on his hands".

"The group needs to undergo significant change and while there is recovery potential, remedial work is needed, the recovery will take time to come through and will come from a lower-than-expected starting point."

Forman has outlined the areas of the group that need major work to repair and drive improvement.

"There is much work to do to get the group back to full health, and it will take time for the recovery to come through in earnest," Jefferies said.

"A fundamental change in culture is needed, but most the issues faced are self-inflicted, not structural in nature."

Analysts cut their full year PBT and EPS forecasts by 4%, but for the next two years take a more cautious view of the HPCP recovery and lower margin assumptions compared to other analysts and so raised their target price to 450p from 445p "to reflect recovery multiples".

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Essentra Market Data

Currency UK Pounds
Share Price 272.40p
Change Today 0.000p
% Change 0.00 %
52 Week High 449.00
52 Week Low 206.80
Volume 0
Shares Issued 263.22m
Market Cap £717.01m

Essentra Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
1.64% above the market average1.64% above the market average1.64% above the market average1.64% above the market average1.64% above the market average
4.59% above the sector average4.59% above the sector average4.59% above the sector average4.59% above the sector average4.59% above the sector average
Price Trend
48.6% below the market average48.6% below the market average48.6% below the market average48.6% below the market average48.6% below the market average
49.12% below the sector average49.12% below the sector average49.12% below the sector average49.12% below the sector average49.12% below the sector average
Income
9.53% below the market average9.53% below the market average9.53% below the market average9.53% below the market average9.53% below the market average
5% below the sector average5% below the sector average5% below the sector average5% below the sector average5% below the sector average
Growth
38.2% below the market average38.2% below the market average38.2% below the market average38.2% below the market average38.2% below the market average
50% below the sector average50% below the sector average50% below the sector average50% below the sector average50% below the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 2
Sell 0
Strong Sell 0
Total 5
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Essentra Dividends

  Latest Previous
  Interim Final
Ex-Div 26-Sep-19 25-Apr-19
Paid 30-Oct-19 03-Jun-19
Amount 6.30p 14.40p

Trades for --2020

Time Volume / Share Price
0 @ 0.000p

Essentra Key Personnel

CEO Paul Forman
CFO Lily Liu

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