Essentra plc (LON:ESNT - Get Free Report)'s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 167.55 ($2.19) and traded as low as GBX 150.80 ($1.97). Essentra shares last traded at GBX 151 ($1.97), with a volume of 752,318 shares changing hands.
Wall Street Analysts Forecast Growth
ESNT has been the subject of a number of research analyst reports. Jefferies Financial Group dropped their price target on shares of Essentra from GBX 260 ($3.40) to GBX 250 ($3.26) and set a "buy" rating for the company in a research note on Friday, July 12th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Essentra from GBX 240 ($3.13) to GBX 200 ($2.61) and set a "buy" rating for the company in a report on Tuesday, September 17th. Finally, Berenberg Bank cut their target price on shares of Essentra from GBX 255 ($3.33) to GBX 200 ($2.61) and set a "buy" rating on the stock in a research note on Tuesday, September 24th.
Read Our Latest Analysis on ESNT
Essentra Stock Performance
The firm has a market cap of £437.26 million, a price-to-earnings ratio of 7,980.00, a PEG ratio of 3.84 and a beta of 1.18. The stock's fifty day moving average is GBX 160.64 and its two-hundred day moving average is GBX 167.55. The company has a debt-to-equity ratio of 51.89, a quick ratio of 0.50 and a current ratio of 1.97.
Essentra Cuts Dividend
The company also recently declared a dividend, which will be paid on Friday, October 25th. Shareholders of record on Thursday, September 19th will be paid a GBX 1.25 ($0.02) dividend. The ex-dividend date is Thursday, September 19th. This represents a dividend yield of 0.76%.
Insider Transactions at Essentra
In other Essentra news, insider Scott Fawcett purchased 10,479 shares of the firm's stock in a transaction dated Wednesday, September 18th. The stock was bought at an average price of GBX 142 ($1.85) per share, with a total value of £14,880.18 ($19,430.90). Insiders own 0.99% of the company's stock.
About Essentra
(
Get Free Report)
Essentra plc manufactures and distributes plastic injection and vinyl dip moulded, and metal components worldwide. The company offers cable ties and conduit, and accessories; grommets, strain relief, and blanking plugs; cable glands and accessories; caps and plugs; card guides and pullers; circuit board hardware products; EMI suppression ferrite cores; fan accessories comprising filters and fan mounting accessories; screws and nuts; rivet and panel fasteners; barbed and push-fit fasteners; binder screws and snap fasteners; washers; spacers; brushes; feet; fibre management; and furniture fittings.
Further Reading
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