Essentra (LON:ESNT) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Essentra plc (LON:ESNT) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 92.09 and traded as high as GBX 114.56. Essentra shares last traded at GBX 113.20, with a volume of 2,262,687 shares.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ESNT. Jefferies Financial Group reissued a “buy” rating and issued a GBX 130 price objective on shares of Essentra in a report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 100 target price on shares of Essentra in a research note on Thursday, May 21st. Finally, Royal Bank Of Canada boosted their target price on shares of Essentra from GBX 130 to GBX 140 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 132.50.

Essentra Stock Performance

The company has a debt-to-equity ratio of 53.28, a current ratio of 2.33 and a quick ratio of 0.50. The company has a market cap of £323.15 million, a price-to-earnings ratio of 45.60, a PEG ratio of 3.84 and a beta of 0.83. The firm has a 50 day simple moving average of GBX 89.03 and a 200-day simple moving average of GBX 92.24.

Essentra (LON:ESNT) last announced its quarterly earnings results on Tuesday, July 28th. The company reported GBX 7.20 EPS for the quarter. Essentra had a return on equity of 2.02% and a net margin of 1.71%. As a group, analysts predict that Essentra plc will post 524.137931 EPS for the current fiscal year.

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.