Royal Bank of Canada Begins Coverage on Essentra (OTCMKTS:FLRAF)

Royal Bank of Canada initiated coverage on shares of Essentra (OTCMKTS:FLRAF – Get Rating) in a research note issued to investors on Tuesday morning, The Fly reports. The brokerage issued an outperform rating on the stock.

A number of other research firms have also issued reports on FLRAF. Liberum Capital started coverage on shares of Essentra in a report on Thursday, April 20th. They set a buy rating on the stock. Berenberg Bank dropped their price objective on shares of Essentra from GBX 295 ($3.67) to GBX 255 ($3.17) in a research note on Thursday, March 30th.

Essentra Price Performance

FLRAF stock opened at $2.55 on Tuesday. Essentra has a 12 month low of $2.45 and a 12 month high of $2.75. The firm has a 50 day simple moving average of $2.51 and a 200 day simple moving average of $2.83.

About Essentra

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Essentra plc provides essential components and solutions worldwide. The Components division manufactures and distributes plastic injection molded, vinyl dip-molded, and metal items for equipment manufacturing, automotive, fabrication, electronics, and construction industries; and component solutions comprising caps and plugs, wire and cable management products, flange protection products, knobs, handles and grips, PCB and electronics hardware, and tools and precision instruments for a range of applications and industries that are used in protection and finish products.