Essentra (LON:ESNT) Hits New 12-Month Low – Time to Sell?

Shares of Essentra plc (LON:ESNT) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 88.60 and last traded at GBX 92.62, with a volume of 788034 shares traded. The stock had previously closed at GBX 91.

Wall Street Analyst Weigh In

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

Essentra Stock Performance

The company has a market capitalization of £264.26 million, a price-to-earnings ratio of 28.07, a price-to-earnings-growth ratio of 3.84 and a beta of 1.18. The firm has a fifty day simple moving average of GBX 102.76 and a 200 day simple moving average of GBX 102.13. The company has a debt-to-equity ratio of 51.89, a current ratio of 1.97 and a quick ratio of 0.50.

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.