Essentra (ESNT)

Sector:

Support

Index:

FTSE 250

306.20p
   
  • Change Today:
      14.80p
  • 52 Week High: 449.00
  • 52 Week Low: 206.80
  • Currency: UK Pounds
  • Shares Issued: 263.22m
  • Volume: 253,317
  • Market Cap: £805.98m

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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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Essentra Market Data

Currency UK Pounds
Share Price 306.20p
Change Today 14.80p
% Change 5.08 %
52 Week High 449.00
52 Week Low 206.80
Volume 253,317
Shares Issued 263.22m
Market Cap £805.98m

Essentra Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
2.92% below the market average2.92% below the market average2.92% below the market average2.92% below the market average2.92% below the market average
6.42% below the sector average6.42% below the sector average6.42% below the sector average6.42% below the sector average6.42% below the sector average
Price Trend
44.2% below the market average44.2% below the market average44.2% below the market average44.2% below the market average44.2% below the market average
42.11% below the sector average42.11% below the sector average42.11% below the sector average42.11% below the sector average42.11% below the sector average
Income
16.43% below the market average16.43% below the market average16.43% below the market average16.43% below the market average16.43% below the market average
27.5% below the sector average27.5% below the sector average27.5% below the sector average27.5% below the sector average27.5% below the sector average
Growth
38.65% below the market average38.65% below the market average38.65% below the market average38.65% below the market average38.65% below the market average
51.85% below the sector average51.85% below the sector average51.85% below the sector average51.85% below the sector average51.85% 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 03-Jun-2020

Time Volume / Share Price
16:38 839 @ 306.20p
16:38 299 @ 306.20p
16:35 114,616 @ 306.20p
16:29 97 @ 304.40p
16:29 37 @ 303.00p

Essentra Key Personnel

CEO Paul Forman
CFO Lily Liu

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