The stock of Essentra PLC (LON:ESNT) hit a new 52-week low and has GBX 452.12 target or 8.00% below today’s GBX 491.43 share price. The 5 months bearish chart indicates high risk for the GBX 1.29B company. The 1-year low was reported on Nov, 10 by Barchart.com. If the GBX 452.12 price target is reached, the company will be worth GBX 103.20 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock increased 2.27% or GBX 10.93 on November 10, hitting GBX 491.43. About 1.55 million shares traded hands or 116.92% up from the average. Essentra PLC (LON:ESNT) has declined 40.86% since April 12, 2016 and is downtrending. It has underperformed by 46.51% the S&P500.
Essentra PLC (LON:ESNT) Ratings Coverage
Out of 6 analysts covering Essentra (LON:ESNT), 4 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 67% are positive. Essentra has been the topic of 35 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Thursday, April 7 by Deutsche Bank. The firm has “Buy” rating given on Thursday, October 15 by Deutsche Bank. The stock of Essentra PLC (LON:ESNT) earned “Buy” rating by Deutsche Bank on Monday, February 22. On Tuesday, July 19 the stock rating was downgraded by Deutsche Bank to “Hold”. Numis Securities maintained the shares of ESNT in a report on Friday, June 10 with “Buy” rating. On Friday, August 26 the stock rating was maintained by Jefferies with “Buy”. The firm has “Neutral” rating given on Monday, October 19 by JP Morgan. The rating was maintained by Citigroup with “Buy” on Thursday, February 25. On Tuesday, January 26 the stock rating was maintained by Jefferies with “Buy”. The firm has “Buy” rating by Deutsche Bank given on Wednesday, September 16.
More recent Essentra PLC (LON:ESNT) news were published by: Fool.Co.Uk which released: “Are Bellway plc, Essentra plc and Soco International plc a buy after today’s …” on June 09, 2016. Also Fool.Co.Uk published the news titled: “Why Are Essentra PLC, ITM Power plc And Antofagasta plc Falling Today?” on July 31, 2015. Fool.Co.Uk‘s news article titled: “3 Stocks To Pile Into? National Grid plc, Essentra PLC And Millennium …” with publication date: February 19, 2016 was also an interesting one.
Essentra plc is a United Kingdom-based maker and distributor of plastic injection molded, vinyl dip molded and metal items. The company has a market cap of 1.29 billion GBP. The Company’s divisions include Component Solutions, Health & Personal Care Packaging and Filtration Products. It has a 19.52 P/E ratio. The Component Solutions segment includes the components, pipe protection technologies , extrusion and security businesses each of which serves clients in light and heavy industry.
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