Essentra plc (LON:ESNT – Get Free Report) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 168.41 ($2.20) and traded as low as GBX 147 ($1.92). Essentra shares last traded at GBX 150 ($1.96), with a volume of 1,050,303 shares changing hands.
Analysts Set New Price Targets
Several analysts have commented on the company. Jefferies Financial Group reduced their price objective on Essentra from GBX 260 ($3.40) to GBX 250 ($3.27) and set a “buy” rating for the company in a research note on Friday, July 12th. Deutsche Bank Aktiengesellschaft reduced their price target on Essentra from GBX 240 ($3.14) to GBX 200 ($2.62) and set a “buy” rating for the company in a report on Tuesday, September 17th. Finally, Berenberg Bank cut their price objective on Essentra from GBX 255 ($3.34) to GBX 200 ($2.62) and set a “buy” rating for the company in a research report on Tuesday, September 24th.
Get Our Latest Report on Essentra
Essentra Price Performance
Essentra Cuts Dividend
The company also recently declared a dividend, which will be paid on Friday, October 25th. Investors of record on Thursday, September 19th will be issued a GBX 1.25 ($0.02) dividend. This represents a dividend yield of 0.76%. The ex-dividend date is Thursday, September 19th.
Insider Activity at Essentra
In other news, insider Scott Fawcett bought 10,479 shares of the firm’s stock in a transaction on Wednesday, September 18th. The shares were bought at an average cost of GBX 142 ($1.86) per share, for a total transaction of £14,880.18 ($19,474.13). 0.99% of the stock is currently owned by company insiders.
About Essentra
Essentra plc manufactures and distributes plastic injection and vinyl dip moulded, and metal components worldwide. The company offers cable ties and conduit, and accessories; grommets, strain relief, and blanking plugs; cable glands and accessories; caps and plugs; card guides and pullers; circuit board hardware products; EMI suppression ferrite cores; fan accessories comprising filters and fan mounting accessories; screws and nuts; rivet and panel fasteners; barbed and push-fit fasteners; binder screws and snap fasteners; washers; spacers; brushes; feet; fibre management; and furniture fittings.
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