Essentra (ESNT)

Sector:

Support

Index:

FTSE 250

412.20p
   
  • Change Today:
      1.40p
  • 52 Week High: 442.00p
  • 52 Week Low: 325.40p
  • Currency: UK Pounds
  • Shares Issued: 263.18m
  • Volume: 169,806
  • Market Cap: £1,084.82m
  • Beta: 1.10

Essentra boosted by Deutsche Bank upgrade

By Michele Maatouk

Date: Monday 27 Feb 2017

LONDON (ShareCast) - (ShareCast News) - Packaging and filter products producer Essentra was on the front foot on Monday as Deutsche Bank bumped its rating up to 'buy' from 'hold' and hiked the price target to 600p from 425p.
Deutsche said it did not have enough conviction to turn positive on the stock after the profit warning in January, but chief executive Paul Forman has now spent more than 50 days in the role and his message remains that the issues are mainly self-inflicted and can be reversed.

DB noted the Porous disposal is said to be on track and so leverage is robust.

"Following the strong re-rating, better entry points might be possible but we believe Essentra offers a classic medium-term self-help story and upgrade to buy."

However, the bank cut its forecasts to reflect a more gradual recovery. It reduced its estimate for 2018 earnings before interest, tax and amortisation to £102m from £111m.

"We believe in a bounce-back at HPC packaging: first margins improving as double costing falls out (2018E-beyond); followed by revenue growth, which, in our view, can take longer (H2-18E, 2019E). Investors in the story should also keep in mind the trends in the other businesses comprising the Group, most of which also had a weak 2016, thus recovery should not be taken for granted."

Earlier this month, Essentra posted better-than-expected full-year earnings and maintained its dividend payout, but guided towards lower sales and profits in 2017.

At 1010 GMT, the shares were up 1.5% to 538.50p.

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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 412.20p
Change Today 1.40p
% Change 0.34 %
52 Week High 442.00p
52 Week Low 325.40p
Volume 169,806
Shares Issued 263.18m
Market Cap £1,084.82m
Beta 1.10

Essentra Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
62.79% below the market average62.79% below the market average62.79% below the market average62.79% below the market average62.79% 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
21.67% above the market average21.67% above the market average21.67% above the market average21.67% above the market average21.67% above the market average
22.22% above the sector average22.22% above the sector average22.22% above the sector average22.22% above the sector average22.22% above the sector average
Income
55.84% above the market average55.84% above the market average55.84% above the market average55.84% above the market average55.84% 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
67.99% below the market average67.99% below the market average67.99% below the market average67.99% below the market average67.99% 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 15-Nov-2019

Time Volume / Share Price
16:35 97,770 @ 412.20p
16:29 58 @ 414.20p
16:29 17 @ 414.80p
16:29 70 @ 414.40p
16:29 99 @ 414.00p

Essentra Key Personnel

Chair Paul J Lester
CFO Lily Liu

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