Essentra (LON:ESNT) Stock Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Essentra plc (LON:ESNT) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 100.87 and traded as low as GBX 99.30. Essentra shares last traded at GBX 99.50, with a volume of 1,264,190 shares traded.

Analyst Ratings Changes

Several analysts recently commented on the company. Jefferies Financial Group decreased their price target on Essentra from GBX 170 to GBX 150 and set a “buy” rating on the stock in a research note on Monday, November 10th. Berenberg Bank reissued a “buy” rating and set a GBX 160 price objective on shares of Essentra in a report on Thursday, January 15th. Royal Bank Of Canada lowered their target price on shares of Essentra from GBX 155 to GBX 130 and set an “outperform” rating on the stock in a report on Tuesday, January 27th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Essentra from GBX 165 to GBX 150 and set a “buy” rating for the company in a research report on Thursday, January 15th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Essentra currently has an average rating of “Buy” and a consensus price target of GBX 164.

Essentra Stock Down 0.2%

The firm has a fifty day moving average price of GBX 98.68 and a 200 day moving average price of GBX 100.87. The company has a quick ratio of 0.50, a current ratio of 1.97 and a debt-to-equity ratio of 51.89. The company has a market cap of £283.04 million, a P/E ratio of 30.09, a PEG 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.