The stock of Essentra PLC (LON:ESNT) hit a new 52-week low and has GBX 353.08 target or 7.00% below today’s GBX 379.66 share price. The 5 months bearish chart indicates high risk for the GBX 997.89M company. The 1-year low was reported on Nov, 22 by Barchart.com. If the GBX 353.08 price target is reached, the company will be worth GBX 69.85 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 decreased 3.47% or GBX 13.64 on November 22, hitting GBX 379.66. About 2.27M shares traded hands or 214.29% up from the average. Essentra PLC (LON:ESNT) has declined 54.21% since April 22, 2016 and is downtrending. It has underperformed by 58.77% 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 36 analyst reports since August 3, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained Essentra PLC (LON:ESNT) rating on Thursday, October 15. Deutsche Bank has “Buy” rating and GBX 975 price target. The firm has “Overweight” rating given on Thursday, June 2 by JP Morgan. The stock of Essentra PLC (LON:ESNT) earned “Neutral” rating by JP Morgan on Tuesday, September 1. The stock of Essentra PLC (LON:ESNT) has “Buy” rating given on Monday, June 13 by Deutsche Bank. The firm has “Buy” rating by Jefferies given on Friday, July 15. Panmure Gordon maintained the shares of ESNT in a report on Monday, February 22 with “Overweight” rating. The rating was maintained by Numis Securities with “Buy” on Wednesday, October 12. The rating was maintained by Deutsche Bank with “Buy” on Monday, February 1. The rating was maintained by Jefferies with “Buy” on Friday, August 26. The rating was maintained by Deutsche Bank with “Hold” on Friday, August 26.
More news for Essentra PLC (LON:ESNT) were recently published by: Marketwatch.com, which released: “Essentra dives 19% after cutting guidance” on November 20, 2013. Fool.Co.Uk‘s article titled: “Are Bellway plc, Essentra plc and Soco International plc a buy after today’s …” and published on June 09, 2016 is yet another important article.
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 997.89 million GBP. The Company’s divisions include Component Solutions, Health & Personal Care Packaging and Filtration Products. It has a 15.08 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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