Essentra (LON:ESNT) Stock Passes Below 200 Day Moving Average – Here’s What Happened

Essentra plc (LON:ESNT) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 94.47 and traded as low as GBX 82.80. Essentra shares last traded at GBX 83.20, with a volume of 412,312 shares traded.

Analysts Set New Price Targets

Several equities analysts recently weighed in on ESNT shares. Jefferies Financial Group reiterated a “buy” rating and set a GBX 130 target price on shares of Essentra in a research report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 100 price objective on shares of Essentra in a report on Thursday, May 21st. Berenberg Bank restated a “buy” rating and issued a GBX 160 price objective on shares of Essentra in a report on Thursday, March 19th. Finally, Royal Bank Of Canada cut their price objective on Essentra to GBX 130 and set an “outperform” rating on the stock in a report on Wednesday, March 18th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 150.

Essentra Trading Down 2.0%

The business has a fifty day moving average price of GBX 85.73 and a 200 day moving average price of GBX 94.47. The company has a market capitalization of £236.22 million, a PE ratio of 118.86, a P/E/G ratio of 3.84 and a beta of 0.80. The company has a debt-to-equity ratio of 47.67, a quick ratio of 0.50 and a current ratio of 2.20.

Essentra (LON:ESNT) last announced its earnings results on Tuesday, March 17th. The company reported GBX 6.10 EPS for the quarter. Essentra had a return on equity of 0.79% and a net margin of 0.70%. Analysts expect that Essentra plc will post 524.137931 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Scott Fawcett bought 17,483 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The shares were acquired at an average cost of GBX 86 per share, for a total transaction of £15,035.38. Also, insider Steve Good bought 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The shares were bought at an average price of GBX 93 per share, for a total transaction of £37,200. In the last 90 days, insiders have acquired 91,194 shares of company stock valued at $8,208,359. Corporate insiders own 0.48% of the company’s stock.

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.