Electrocomponents plc (ECM) Upgraded to Add by Peel Hunt
Electrocomponents plc (LON:ECM) was upgraded by stock analysts at Peel Hunt to an “add” rating in a research note issued on Friday. The firm presently has a GBX 420 ($5.25) price target on the stock, up from their previous price target of GBX 350 ($4.37). Peel Hunt’s price objective suggests a potential upside of 13.51% from the stock’s current price.
A number of other research analysts also recently issued reports on ECM. Royal Bank Of Canada upped their price target on Electrocomponents plc from GBX 280 ($3.50) to GBX 350 ($4.37) and gave the company a “sector perform” rating in a report on Thursday, October 13th. Credit Suisse Group AG upped their price target on Electrocomponents plc from GBX 250 ($3.12) to GBX 300 ($3.75) and gave the company an “underperform” rating in a report on Tuesday, September 20th. HSBC raised Electrocomponents plc to a “buy” rating and upped their price target for the company from GBX 240 ($3.00) to GBX 430 ($5.37) in a report on Wednesday. Numis Securities Ltd downgraded Electrocomponents plc to an “add” rating and upped their price target for the company from GBX 315 ($3.94) to GBX 350 ($4.37) in a report on Thursday, September 15th. Finally, Citigroup Inc. raised Electrocomponents plc to a “neutral” rating and upped their price target for the company from GBX 185 ($2.31) to GBX 375 ($4.69) in a report on Wednesday, October 12th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of GBX 348 ($4.35).
Electrocomponents plc (LON:ECM) opened at 410.10 on Friday. The firm’s 50-day moving average price is GBX 364.20 and its 200-day moving average price is GBX 306.56. Electrocomponents plc has a 12-month low of GBX 200.70 and a 12-month high of GBX 410.10. The stock’s market cap is GBX 1.80 billion.
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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