Andrew Douglas, an analyst from Jefferies, maintained the Buy rating on Essentra (ESNT – Research Report). The associated price target was lowered to p160.00.
Andrew Douglas has given his Buy rating due to a combination of factors that suggest potential upside for Essentra’s stock. Despite uncertainties in global industrial markets, Essentra is positioned to benefit early from a cyclical recovery, which could enhance its financial performance in the near future.
Additionally, the stock’s current valuation appears attractive as it trades on modest multiples, making it a potentially lucrative investment. Although there are adjustments in profit forecasts due to lower EBITA and higher interest charges, the overall outlook remains positive, with a new price target set at 160p.
Based on the recent corporate insider activity of 6 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ESNT in relation to earlier this year.