Shares of Essentra plc (LON:ESNT – Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 102 and traded as low as GBX 92.30. Essentra shares last traded at GBX 94, with a volume of 6,965,179 shares.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on ESNT. Berenberg Bank cut their target price on shares of Essentra from GBX 170 to GBX 160 and set a “buy” rating on the stock in a research note on Thursday, October 30th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 175 price objective on shares of Essentra in a report on Wednesday, July 30th. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 230 target price on shares of Essentra in a report on Tuesday, July 29th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of GBX 188.33.
View Our Latest Stock Report on ESNT
Essentra Trading Up 0.6%
About Essentra
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.
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