Electrocomponents plc (ECM) PT Raised to GBX 350
Electrocomponents plc (LON:ECM) had its target price raised by analysts at Royal Bank Of Canada from GBX 280 ($3.47) to GBX 350 ($4.33) in a research report issued on Thursday. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price would indicate a potential downside of 5.71% from the stock’s current price.
ECM has been the subject of several other research reports. Numis Securities Ltd restated a “buy” rating and issued a GBX 315 ($3.90) price objective on shares of Electrocomponents plc in a research report on Wednesday, July 20th. Credit Suisse Group AG cut shares of Electrocomponents plc to an “underperform” rating and lowered their price objective for the company from GBX 265 ($3.28) to GBX 220 ($2.72) in a research report on Wednesday, June 29th. Peel Hunt raised their price objective on shares of Electrocomponents plc from GBX 260 ($3.22) to GBX 315 ($3.90) and gave the company a “hold” rating in a research report on Thursday, September 15th. Citigroup Inc. upgraded shares of Electrocomponents plc to a “neutral” rating and raised their price objective for the company from GBX 185 ($2.29) to GBX 375 ($4.64) in a research report on Wednesday. Finally, Shore Capital restated a “sell” rating on shares of Electrocomponents plc in a research report on Wednesday, July 20th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. Electrocomponents plc currently has an average rating of “Hold” and an average target price of GBX 301.40 ($3.73).
Electrocomponents plc (LON:ECM) traded down 1.24% on Thursday, reaching GBX 366.60. 590,880 shares of the company’s stock traded hands. The firm’s market cap is GBX 1.61 billion. The stock’s 50 day moving average is GBX 330.44 and its 200 day moving average is GBX 287.75. Electrocomponents plc has a 52-week low of GBX 187.30 and a 52-week high of GBX 381.00.
In related news, insider Guerra,Karen purchased 8,500 shares of the business’s stock in a transaction on Friday, July 29th. The shares were purchased at an average price of GBX 293 ($3.63) per share, with a total value of £24,905 ($30,823.02).
Electrocomponents plc Company Profile
Electrocomponents plc is a service distributor. The Company’s segments include Northern Europe, Southern Europe, Central Europe, Asia Pacific (APAC) and Emerging Markets, and North America. Its Northern Europe’s hub is the United Kingdom, with associated local markets in Denmark, Norway, Sweden and Republic of Ireland.
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