Essentra (LON:ESNT) Shares Cross Below 200 Day Moving Average – What’s Next?

Essentra plc (LON:ESNT) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 102.06 and traded as low as GBX 98.70. Essentra shares last traded at GBX 99.60, with a volume of 2,685,164 shares trading hands.

Wall Street Analysts Forecast Growth

ESNT has been the subject of a number of recent research reports. Berenberg Bank cut their price target on Essentra from GBX 170 to GBX 160 and set a “buy” rating for the company in a research note on Thursday, October 30th. Jefferies Financial Group cut their price target on shares of Essentra from GBX 170 to GBX 150 and set a “buy” rating on the stock in a report on Monday, November 10th. Four research 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 target price of GBX 178.75.

Essentra Stock Performance

The firm has a market capitalization of £284.03 million, a price-to-earnings ratio of 30.18, a PEG ratio of 3.84 and a beta of 1.18. The stock has a fifty day moving average price of GBX 100.70 and a 200-day moving average price of GBX 102.08. The company has a current ratio of 1.97, a quick ratio of 0.50 and a debt-to-equity ratio of 51.89.

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.