Electrocomponents plc (ECM) Price Target Increased to GBX 420 by Analysts at Numis Securities Ltd
Electrocomponents plc (LON:ECM) had its target price hoisted by Numis Securities Ltd from GBX 350 ($4.37) to GBX 420 ($5.25) in a research note published on Friday morning. They currently have an add rating on the stock.
Several other research firms have also recently weighed in on ECM. Royal Bank Of Canada increased their price objective on Electrocomponents plc from GBX 280 ($3.50) to GBX 350 ($4.37) and gave the stock a sector perform rating in a report on Thursday, October 13th. Shore Capital reiterated a sell rating on shares of Electrocomponents plc in a report on Friday. Peel Hunt upgraded Electrocomponents plc to an add rating and increased their price objective for the stock from GBX 350 ($4.37) to GBX 420 ($5.25) in a report on Friday. HSBC upgraded Electrocomponents plc to a buy rating and increased their price objective for the stock from GBX 240 ($3.00) to GBX 430 ($5.37) in a report on Wednesday, November 16th. Finally, Citigroup Inc. upgraded Electrocomponents plc to a neutral rating and increased their price objective for the stock from GBX 185 ($2.31) to GBX 375 ($4.69) in a report on Wednesday, October 12th. 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 stock. The company presently has an average rating of Hold and a consensus target price of GBX 356.75 ($4.46).
Electrocomponents plc (LON:ECM) traded down 2.39% during midday trading on Friday, hitting GBX 440.60. The stock had a trading volume of 1,786,043 shares. The firm’s 50-day moving average price is GBX 367.89 and its 200 day moving average price is GBX 307.90. The company’s market cap is GBX 1.94 billion. Electrocomponents plc has a 12 month low of GBX 200.70 and a 12 month high of GBX 476.70.
The business also recently disclosed a dividend, which will be paid on Wednesday, January 11th. Investors of record on Thursday, December 1st will be given a dividend of GBX 5 ($0.06) per share. This represents a yield of 1.11%. The ex-dividend date of this dividend is Thursday, December 1st.
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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