Jefferies analyst Andrew Douglas has maintained their bullish stance on ESNT stock, giving a Buy rating on October 30.
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Andrew Douglas has given his Buy rating due to a combination of factors including Essentra’s promising sales growth and potential for margin recovery. The company’s recent trading update showed a notable increase in sales, particularly in the EMEA region, which outpaced growth in the Americas and Asia Pacific. Despite some challenges with the sales mix, the overall growth trajectory remains positive.
Douglas is confident in Essentra’s ability to recover its sales and EBITA margins, which supports his optimistic outlook. The company’s strategic positioning as a key player in the EU manufacturing sector further reinforces the Buy recommendation, with a new price target set at 150p.
In another report released on October 30, RBC Capital also maintained a Buy rating on the stock with a p155.00 price target.