Electrocomponents plc (ECM) to Issue GBX 5 Dividend
Electrocomponents plc (LON:ECM) declared a dividend on Friday, November 18th. Stockholders of record on Thursday, December 1st will be paid a dividend of GBX 5 ($0.06) per share on Wednesday, January 11th. This represents a dividend yield of 1.11%. The ex-dividend date of this dividend is Thursday, December 1st. The official announcement can be accessed at this link.
Shares of Electrocomponents plc (LON:ECM) traded up 22.00% on Friday, hitting GBX 451.40. The stock had a trading volume of 3,456,629 shares. The stock’s market capitalization is GBX 1.98 billion. Electrocomponents plc has a one year low of GBX 200.70 and a one year high of GBX 458.80. The firm’s 50 day moving average is GBX 364.83 and its 200-day moving average is GBX 306.56.
A number of equities analysts have weighed in on the company. Numis Securities Ltd downgraded Electrocomponents plc to an “add” rating and boosted their price target for the stock from GBX 315 ($3.94) to GBX 350 ($4.37) in a research report on Thursday, September 15th. Peel Hunt raised Electrocomponents plc to an “add” rating and boosted their price target for the stock from GBX 350 ($4.37) to GBX 420 ($5.25) in a research report on Friday. HSBC raised Electrocomponents plc to a “buy” rating and boosted their price target for the stock from GBX 240 ($3.00) to GBX 430 ($5.37) in a research report on Wednesday. Citigroup Inc. raised Electrocomponents plc to a “neutral” rating and boosted their price target for the stock from GBX 185 ($2.31) to GBX 375 ($4.69) in a research report on Wednesday, October 12th. Finally, Royal Bank Of Canada boosted their price target on Electrocomponents plc from GBX 280 ($3.50) to GBX 350 ($4.37) and gave the stock a “sector perform” rating in a research report on Thursday, October 13th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of GBX 356.75 ($4.46).
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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