Essentra (LON:ESNT) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Essentra plc (LON:ESNT) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 92.09 and traded as high as GBX 114.56. Essentra shares last traded at GBX 113.20, with a volume of 2,262,687 shares traded.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 100 price objective on shares of Essentra in a report on Thursday, May 21st. Jefferies Financial Group reissued a “buy” rating and issued a GBX 130 price target on shares of Essentra in a research note on Wednesday, July 29th. Finally, Royal Bank Of Canada upped their price objective on shares of Essentra from GBX 130 to GBX 140 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 132.50.

Essentra Trading Down 0.7%

The company has a market capitalization of £318.61 million, a PE ratio of 44.96, a P/E/G ratio of 3.84 and a beta of 0.83. The company has a debt-to-equity ratio of 53.28, a quick ratio of 0.50 and a current ratio of 2.33. The business has a fifty day moving average price of GBX 88.52 and a 200 day moving average price of GBX 92.09.

Essentra (LON:ESNT) last issued its earnings results on Tuesday, July 28th. The company reported GBX 7.20 earnings per share (EPS) for the quarter. Essentra had a return on equity of 2.02% and a net margin of 1.71%. Analysts expect that Essentra plc will post 524.137931 EPS for the current fiscal year.

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 27 countries worldwide and includes c.3,000 employees, 14 manufacturing facilities, 25 distribution centres and 35 sales & service centres serving c.76,000 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.