Essentra (LON:ESNT) Shares Cross Below 200-Day Moving Average – Time to Sell?

Essentra plc (LON:ESNT)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 102.15 and traded as low as GBX 91. Essentra shares last traded at GBX 92.20, with a volume of 1,266,211 shares.

Analyst Ratings Changes

ESNT has been the topic of a number of recent research reports. Jefferies Financial Group decreased their price objective on Essentra from GBX 170 to GBX 150 and set a “buy” rating on the stock in a report on Monday, November 10th. Peel Hunt restated a “buy” rating and set a GBX 230 target price on shares of Essentra in a research report on Tuesday, July 29th. Berenberg Bank lowered their price target on Essentra from GBX 170 to GBX 160 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 175 price objective on shares of Essentra in a research note on Wednesday, July 30th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of GBX 178.75.

Essentra Stock Up 1.8%

The firm has a market capitalization of £264.26 million, a price-to-earnings ratio of 28.07, a P/E/G ratio of 3.84 and a beta of 1.18. The firm has a fifty day moving average price of GBX 102.71 and a 200 day moving average price of GBX 102.07. The company has a current ratio of 1.97, a quick ratio of 0.50 and a debt-to-equity ratio of 51.89.

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.