Essentra PLC 55.3% potential upside indicated by Berenberg Bank

Essentra PLC with ticker (LON:ESNT) now has a potential upside of 55.3% according to Berenberg Bank.

ESNT.L

Berenberg Bank set a target price of 255 GBX for the company, which when compared to the Essentra PLC share price of 164 GBX at opening today (06/06/2024) indicates a potential upside of 55.3%. Trading has ranged between 130 (52 week low) and 192 (52 week high) with an average of 650,557 shares exchanging hands daily. The market capitalisation at the time of writing is £481,601,533.

Essentra plc is a United Kingdom-based global provider of essential components and solutions. The Company’s components operation is focused on the manufacture and distribution of plastic injection molded, vinyl dip molded and metal items. Its global network extends to over 28 countries worldwide and 13 manufacturing facilities, 24 distribution centers, and 33 sales and service centers. It supplies products for a variety of applications in industries such as equipment manufacturing, automotive, fabrication, electronics, medical and renewable energy. Its components operation also includes the Reid Supply business, which provides a range of branded hardware supplies to a broad base of industrial customers, located in the United States Mid-West. It caters to business-to-business manufacturers and its markets range from data cabinet and telecoms station manufacturers to automotive suppliers and manufacturers. It also manufactures and distributes a range of protective caps and plugs.