Essentra (LON:ESNT) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Essentra plc (LON:ESNT)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-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.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Jefferies Financial Group lowered their target price 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 reduced their price objective 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.com, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 178.75.

Essentra Stock Performance

The firm has a fifty day simple moving average of GBX 100.70 and a 200 day simple moving average of GBX 102.06. The company has a current ratio of 1.97, a quick ratio of 0.50 and a debt-to-equity ratio of 51.89. The stock has a market cap of £284.03 million, a price-to-earnings ratio of 30.18, a PEG ratio of 3.84 and a beta of 1.18.

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.