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

Key Points

• Essentra plc's shares fell below their 200-day moving average of GBX 104.47, trading as low as GBX 102.83 during Friday's session.
• Despite the share price decline, three analysts have maintained a "buy" rating on the stock, with a consensus price target of GBX 191.67.
• In recent insider transactions, Rowan Baker purchased 10,386 shares at an average price of GBX 104 each, indicating confidence in the company's performance.

Essentra plc (LON:ESNT - Get Free Report)'s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 104.47 ($1.41) and traded as low as GBX 102.83 ($1.39). Essentra shares last traded at GBX 106 ($1.43), with a volume of 2,881,445 shares traded.

Analyst Ratings Changes

A number of analysts have weighed in on ESNT shares. Berenberg Bank reaffirmed a "buy" rating and set a GBX 170 target price on shares of Essentra in a research note on Tuesday, July 29th. Peel Hunt reaffirmed a "buy" rating and set a GBX 230 target price on shares of Essentra in a research note on Tuesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 175 target price on shares of Essentra in a research note on Wednesday, July 30th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Essentra has a consensus rating of "Buy" and an average price target of GBX 191.67.

Essentra Trading Up 0.8%

The company has a market cap of £294.91 million, a price-to-earnings ratio of 84.52, a PEG ratio of 3.84 and a beta of 1.18. The firm has a 50 day moving average price of GBX 105.10 and a two-hundred day moving average price of GBX 103.92. The company has a quick ratio of 0.50, a current ratio of 1.97 and a debt-to-equity ratio of 51.89.

Essentra (LON:ESNT - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported GBX 3.40 EPS for the quarter. Essentra had a return on equity of 1.28% and a net margin of 1.13%. As a group, equities analysts forecast that Essentra plc will post 524.137931 earnings per share for the current year.

Insider Activity at Essentra

In other news, insider Rowan Baker purchased 10,386 shares of the business's stock in a transaction on Friday, August 8th. The shares were acquired at an average price of GBX 104 per share, for a total transaction of £10,801.44. 0.99% of the stock is currently owned by insiders.

Essentra Company Profile

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.