Essentra (LON:ESNT) Stock Passes Below 200-Day Moving Average – What’s Next?

Shares of Essentra plc (LON:ESNT) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 101.95 and traded as low as GBX 92. Essentra shares last traded at GBX 93.10, with a volume of 350,615 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ESNT. Jefferies Financial Group dropped their price target on Essentra from GBX 170 to GBX 150 and set a “buy” rating on the stock in a report on Monday, November 10th. Berenberg Bank decreased their target price on Essentra from GBX 170 to GBX 160 and set a “buy” rating for the company in a research report on Thursday, October 30th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of GBX 178.75.

Essentra Stock Performance

The stock has a market capitalization of £263.60 million, a P/E ratio of 28.01, a price-to-earnings-growth ratio of 3.84 and a beta of 1.18. The company has a 50 day simple moving average of GBX 96.05 and a 200-day simple moving average of GBX 101.95. The company has a debt-to-equity ratio of 51.89, a current ratio of 1.97 and a quick ratio of 0.50.

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.