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

Essentra plc (LON:ESNT)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 93.47 and traded as low as GBX 80. Essentra shares last traded at GBX 82.40, with a volume of 1,621,555 shares traded.

Wall Street Analyst Weigh In

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

Essentra Stock Performance

The company has a debt-to-equity ratio of 47.67, a quick ratio of 0.50 and a current ratio of 2.20. The stock has a market cap of £230.89 million, a P/E ratio of 117.71, a P/E/G ratio of 3.84 and a beta of 0.82. The stock has a 50-day moving average price of GBX 84.06 and a 200-day moving average price of GBX 93.47.

Insiders Place Their Bets

In other news, insider Scott Fawcett bought 17,483 shares of Essentra stock in a transaction that occurred on Wednesday, April 15th. The shares were acquired at an average price of GBX 86 per share, with a total value of £15,035.38. Also, insider Rowan Baker purchased 9,477 shares of the stock in a transaction on Friday, April 24th. The shares were purchased at an average price of GBX 84 per share, for a total transaction of £7,960.68. Insiders have bought a total of 29,323 shares of company stock valued at $2,498,098 over the last ninety days. 0.48% of the stock is currently owned by insiders.

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 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.