Essentra (LON:ESNT) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

Essentra plc (LON:ESNT) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 102.08 and traded as low as GBX 97.60. Essentra shares last traded at GBX 98.80, with a volume of 629,868 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ESNT. Berenberg Bank reduced their price objective on shares of Essentra from GBX 170 to GBX 160 and set a “buy” rating for the company in a report on Thursday, October 30th. Jefferies Financial Group reduced their price target on shares of Essentra from GBX 170 to GBX 150 and set a “buy” rating for the company in a research note on Monday, November 10th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of GBX 178.75.

Essentra Trading Up 0.7%

The company has a debt-to-equity ratio of 51.89, a current ratio of 1.97 and a quick ratio of 0.50. The business has a fifty day moving average of GBX 101.92 and a 200-day moving average of GBX 102.08. The stock has a market capitalization of £283.91 million, a price-to-earnings ratio of 30.15, a price-to-earnings-growth ratio of 3.84 and a beta of 1.18.

Essentra Company Profile

Essentra plc is a leading global provider of essential components and solutions, focusing on the manufacture and distribution of plastic injection moulded, vinyl dip moulded and metal items.

Headquartered in the United Kingdom, Essentra’s global network extends to 28 countries worldwide and includes c.3,000 employees, 14 manufacturing facilities, 26 distribution centres and 37 sales & service centres serving c.64,000 customers with a rapid supply of low cost but essential products for a variety of applications in industries such as equipment manufacturing, automotive, fabrication, electronics, medical and renewable energy.