Essentra (ESNT)

Sector:

Support

Index:

FTSE 250

411.60p
   
  • Change Today:
      2.00p
  • 52 Week High: 442.00p
  • 52 Week Low: 325.40p
  • Currency: UK Pounds
  • Shares Issued: 263.18m
  • Volume: 96,307
  • Market Cap: £1,083.24m
  • Beta: 1.09

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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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Essentra Market Data

Currency UK Pounds
Share Price 411.60p
Change Today 2.00p
% Change 0.49 %
52 Week High 442.00p
52 Week Low 325.40p
Volume 96,307
Shares Issued 263.18m
Market Cap £1,083.24m
Beta 1.09

Essentra Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
62.45% below the market average62.45% below the market average62.45% below the market average62.45% below the market average62.45% below the market average
50.41% below the sector average50.41% below the sector average50.41% below the sector average50.41% below the sector average50.41% below the sector average
Price Trend
1.51% below the market average1.51% below the market average1.51% below the market average1.51% below the market average1.51% below the market average
12.70% above the sector average12.70% above the sector average12.70% above the sector average12.70% above the sector average12.70% above the sector average
Income
56.04% above the market average56.04% above the market average56.04% above the market average56.04% above the market average56.04% above the market average
53.49% above the sector average53.49% above the sector average53.49% above the sector average53.49% above the sector average53.49% above the sector average
Growth
67.84% below the market average67.84% below the market average67.84% below the market average67.84% below the market average67.84% below the market average
76.07% below the sector average76.07% below the sector average76.07% below the sector average76.07% below the sector average76.07% below the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 2
Sell 0
Strong Sell 0
Total 6
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 13-Nov-2019

Time Volume / Share Price
16:35 38,122 @ 411.60p
16:29 169 @ 411.80p
16:29 480 @ 411.80p
16:29 200 @ 411.20p
16:29 4 @ 412.00p

Essentra Key Personnel

Chair Paul J Lester
CFO Lily Liu

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